If they only sell the equity portion and leave the existing mortgage, the transfer on title could trigger an automatic default by the lender.  

Being a Realtor I get to enjoy the benefits of learning the market trends and experiencing hands on transactions ,but there is still so much more to learn!!!

Also, can you and should you just transfer all of your funds into one bank account to make it easier for the banks to verify your cash? 

I have never invested into property myself, but have been around it and know the fundamentals of how house flipping works. on the other hand I'm not sure how the cost to investment part is calculated ?

If you’re a hands on person then maybe Vegas is the place for you.

So, that really leaves my hands tied with buying any new property immediately.

Hello Steven,Sounds like you have a fun tenant on your hands. 

Currently the rent barely breaks even but the price has appreciated quite a bit.Should I have the condo sold today, I would have about $260k on hand ($180k down pay + $80k profit after exp.)After listening to some podcasts and doing research, I decide my main goal is to buy and hold for the passive cash flow.

As long as the check is in your hands by the due date, then it's considered on time.

We’ve picked up so many of oceanpointe’s houses and seen the fraud first hand (mostly double leases where the tenant pays $500 and oceanpointe pays $650) but one we just sent an owner who had paid up front for a completely remodeled house a 51k rehab estimate.