Call your local planning department and find out their approval process for your particular parcel to split and allow for a 2nd homesite location.The main value in any piece of land is the ability to create a homesite.

If not find and new one for all your houses.If you don't think the property manager is doing their screening well enough, then you should ask them to change what you don't like or find a new manager.Remember that the PM might be intentionally choosing a little more risk, rather than letting the property sit vacant longer.

It's mainly a revenue-generating source for the cities.

I'm a member of the REIA Club, in Ct.My main reason for being a member, is to network.On a slow night, at least 100+ people, are at the meeting.I've seen over 200+ people at some of the meetings.You mentioned that you've found some properties, that you're interested in.What type of properties, are they?

My main questions include how exactly to go about securing financing when you have poor credit/ no working capital.

It appears you want to bid on a HUD during the owner occupant period yet have no intention of occupying it.

If you are basing a purchase price mainly on the income approach, then having access to a couple of years of P & L statements are absolutely critical.The gross rental income will include your vacancy rate.

According to Foreclosure Law, foreclosure proceedings in Maryland may begin when the home owner is 90 days past due on his mortgage 45 days after a notice of intent to foreclose is sent, whichever is later.If the mortgage contains a "power of sale" clause, the owner of the mortgage may immediately move to sell the house.

The 1 year owner occupancy rule is based on intent.

Duplex, 1514 sq ft, 3 miles from the main UniversityRents for 550 in one unit and 695 in the other$110,000.00 asking5.25% Interest16 years 15k Down2011 Tax- $2109.74Insurance $1,163.00Thoughts?