Insurance Loss proceeds can be some of the hardest to get reimbursed from your lender.

I can't drive a car off the lot (or drive a car PERIOD) if I don't have protection for insurance and while my car is one of my babies, my INVESTMENT is my baby that I'm building from the ground up. 

When you just can't get a lead to save your life and there is just not any inventory much less.

Brokers typically have errors and emissions (E & 0 insurance) specifically for misrepresentation of facts or forgetting a disclosure.

Too many other debt sources without the red tape to deal with and expensive legal costs to close the loans.Credit union, bank, Life Insurance, Pensions fund, Private investor loans etc.

I am very new to real estate and BiggerPockets but I'm very confident that this is the path I want to take for financial freedom and a fun filled less stress life! 

Well now I have a little bit of savings after working hard and saving like crazy for a LONG time and I've decided to buy a home cash in Memphis so that I have less risk (vacancies, HOA fees, mortgage payments, etc. all scare me, being a newbie, so I see this as the lowest risk way to get started because even if the home sits vacant for a year I would only have to pay taxes and insurance). 

Hi David, well since you did not escrow taxes or insurance and if you're coupon rate is over 5% you're probably not in compliance with with cfpb.

I'm currently reading Brandon Turner's book, The Book on Rental Property Investing, and listening to Scott Trench's book, Set For Life.

If the offer is accepted I schedule a professional inspection to verify the condition and life expectancy  of all major components and appliances.