I am working a few of them now and i just closed 2 Ocwen short Sales this month.Ocwen can be a huge pain in the butt, a majority of the employees there if not all of them are from another part of the world.

For the 400th time, the vast, overwhelming majority of singleco-owner LLCs provide virtually nothing in the way of insulating you from liability or protecting you assets.

The owner has 100% equity, and they would get a majority of the purchase price immediately, so they might consider this more so than straight owner financing.Pre-foreclosure, I'm working to get access to his mortgage information to see exactly how much he owes in back payments and how much is remaining in principle.

Most major lenders won't close a deal while the property is "under construction".

Originally posted by @Trevor Fritz:If you live in the Multifamily are your goals to cash flow the property or to just have the property pay for a majority or all of your mortgage?  

Since the property is in her area, she will have to do the repairs and majority of other work.  

The blue signifies the major portion of the house, the other parcel is listed as vacant but you see a bit of the house crossing over. 

I have found that the majority of sellers are NOT interested in working with investors unless you'll pay market price.  

@Dante Goh I didn't hear the podcast but i suspect what was meant by "Control the HOA" is that have enough condos in the complex that you have enough votes to have majority control.My view is you still have risk because of no control over the units owned by others.

Ditto with things like adding a washing machine or dishwasher where there wasn't already one before, installing new windows as part of a major kitchen remodel that requires their reconfiguration, and so forth.