@Bernie Neyer   Thanks. no I have not heard of them, but found them online. 

I’ve researched it online and:— I see the liens, but unclear on how to read them properly.

When watching videos online and reading the books I have realized that during the analyzing of these deals they do not account for the rehab period during the process.

I would get a bit more specific with any forum posts/questions just to increase the quality of responses.That being said, I am not a LO but my Real Estate team get anywhere from 100-200 online leads per month.The positives are that you will be one of the first LOs to talk to this lead which increases your chances of scheduling an appointment and closing them.Another positive is that these leads are usually motivated (but not always qualified). 

Purchase price: $27,000 Cash invested: $40,000 4 bedroom 2.5 bath Victorian SFH with 2 car garage...purchased at online auction for $27000 (its in a somewhat more rundown part of town however there are nice victorian type homes in the area and its near the lake and downtown.

You can do the 'paperwork' online, and it only takes 20 minutes or so.

I know it has a bad reputation but when you really get into how it works and talk to people doing it.

If someone is big enough they normally ask you use their title company since they have all the information needed and a good reputation.

First you must study your state landlord tenant regulations, all the info is on line and you are required to know the law.

Hope this helps.Partner 150% OwnershipSelect ProjectAgree to Price of Offer and Other Conditions Submit Offer to BrokerAgree to Rehab Plan and Schedule Prepare Funding Opportunity Document Solicit Investors for FundingCoordinate Funding for the ProjectCoordinate Documents with Attorney for Funding Coordinate with Attorney Closing Dates and Fees Coordinate with Real Estate Broker on DetailsSecure Property Insurance and have Utilities Activated Secure Bank Account to Pay BillsPayments over $500 Require Approval of Both Owners Prepare On-Line Advertising for Property Available for Rent Upon Selection of Tenant Run Criminal and Credit Check Agree to Rent Amount and Security DepositProvide Updates to our Private Investors as to Progress of Project and Coordinate with the Bank on the RefinanceRequest Appraisal as soon as PracticalProvide Personal/Business Credit to Secure Refinance Close on Refinance Within Scheduled TimeExit StrategyPartner 2 50% OwnershipSelect ProjectsAgree to Price of Offer and Other Conditions Develop Plan for RehabDevelop Construction Schedule Develop Budget for Rehab Coordinate with Outside Contractors Initiate and Complete RehabLabor will be at cost as part of Participation to Operating Agreement Agree to Terms on Funding Conditions i.e., Interest Rate etcCoordinate Permits if Applicable with Government EntitySchedule Inspections and Remedy ComplianceSecure Certificate of Occupancy or Final Inspection Approval Both Members will Agree to Pay BillsPayments over $500 Require Approval of Both Owners Coordinate Showing Property to Prospective Tenants Select Prospective Tenants and Recommend to Member Agree to Rent Amount and Security DepositClean Up Property for TenantProvide Property Management and Maintenance Provide Personal/Business Credit to Secure Financing Exit Strategy