That's what has always concerned me with getting a property subject-to. 

Do the laws vary from state to state, and if so, is anyone familiar with the laws concerning this in West Virginia? 

And I generally require a sponsor that has full real estate cycle experience with little to no money lost, low leverage, high skin in the game and reasonable fees and promotes.However, other investors will look at these deals as bad/too boring for them because they are more aggressive and not concerned about the risks of default, refinance, interest rates changing etc.

If you are going in cash it's not a concern but limiting your option for the purchase financing or refinance option down the line will cause headaches.

There are multi-million dollar houses that you can walk just a couple short blocks and watch the neighborhood get pretty rough and potentially dangerous.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

We are with you every step of the way……..until your check clearsplease do a thorough vetting of any investment you make, at least if it is a size where a loss will cause you concern.   

I also have a 3 family that I'm trying to refinance with a DSCR and I am concerned with the cash flows its in Chicago, IL. 

NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.

The overall concern from banks is the rate that I have been purchasing.