This is why most double closings are performed illegally, not because the double close portion is illegal, but wholesalers tend to circumvent licensing requirements to make a buck.Just as there are legal ways to drive and operate a vehicle, there are illegal ways to do the same. 

This gives additional reassurance that this specific 'fringe' region between Waldo and Marlborough is a sound area to invest IMO. particularly in the long term.Main issue with the Quads is price: they started at $550 asking in September of last year.

In an ideal world you want to buy a high price tag property that makes you a small amount of profit but is an on paper loss from the huge depreciation on it. 

I expect most will be small and I can just accept it with the lower purchase price.

@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.

Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The study will look at your purchase price as well as major renovations and break it down into each items applicable useful life. 

You'll have to cover the difference between the loan amount and the purchase price.

Buildium does a decent job of this and has a low minimum price. 

This would create something that you already are familiar with, which then would lead you to be able to get into real estate as an investment vehicle.