For instance, in Sacramento the auction/bidding is done in person, on one designated day, and the property must be paid for in full immediately after that property is bought (they won't even start auctioning the next property until you pay for the one you just bought). 

(2) What is specifically written in your contract with regards to the plans/design?

Reverse mortgages are designed to separate you from your assets.  

Welcome to BP @Ryder Meehan Find and network with local investors using find feature!

@Dmitriy Fomichenko I have set up some key words which I've found to be a really cool feature. 

But don't forget to account for all the soft costs (design, permits, engineering, holding costs, interest expense, insurance, RE Commissions, etc). 

If you were referencing HELOCs, the exact feature of the line may vary based on who the offer is from.

There is no such thing in the FHA world for a certain feature or structure on a property to be given “zero value”.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.