Now, while this is actually sort of standard cash-flow policy in other industries, due to the way residential construction lien laws work; if the bills are unpaid on the project you own, you can actually be held liable if invoices go unpaid, the builder goes out of business and the vendor sues.However, using a good title company negates this risk entirely and these projects can be extremely lucrative for all involved.

If yours is higher, which I doubt, then sue the crap out of him...If not you will need to make the appropriate changes to your existing lot.Temporarily, you can put a catch basin at the rear of the property to catch the water and then istall underground gutters that tie in from your roof and drain then drain to the street.The other concern is the county that approved such a drainage plan...sounds like the county engineer was drunk when he approved it.

If you can put together a Short Sale Package asap and negotiate with the Mortgage Company to buy the house before the auction, it will be extremely beneficial to the homeowner - she will not have a foreclosure on her credit record and she should be able to stop the bankruptcy.

Also, I really don't know what to tell you as you have not really pointed out a concern, except a general one.

Ameriquest is known for very quick closings, no appraisal needed and a big name.The reason they close so quickly is there fees are always extremely high, which they do their best not to disclose, they blow up their appraisals so you have a great chance of borrowing more money than your home is actually worth (personal experience with one of my clients), and the rates are higher than every other subprime company.For people with bad credit, find a mortgage broker to shop the best rates for you.

The property is not kept up (very lacking in landscaping), and the house is extremely outdated.

That really is an amazing, and extremely sad story.

Sorry I don't have any original thoughts on the subject, but I am extremely new at this.http://forums.biggerpockets.com/viewtopic.php?

There is also nothing to download, extremely user friendly so far.

The great thing about investing in Arkansas properties is the property taxes are extremely low compared to a lot of other states giving these investors a bigger profit margin.Thanks again for the welcome,