I own 3 SFH in Detroit currently, 2 vacant and 1 occupied.

My current rentals are all in my personal name with conventional loans.

I'm buying a new home and keeping my current 3/3 single family to rent out. 

And NON owner occ only No license is required.. this is why many HML you see have no NMLS # on thier website if they are in a state that requires it and they are current and lending then yes it must be on the first page of their website just google any California lender and you will see it.

I'm desperately searching for a financing option for my spec homes that will give me better terms than the 10-12% interest plus $10k closing costs that my current HML is giving me.I tried doing buyer-financed, but they haven't been selling very well (although I really haven't waited long, I'm just impatient).

I am buying single family homes in nice areas currently.

My Tenants are currently past the grace period again and I have just sent my second NTQ today.

I know this post was made several months ago, but I currently live in Lafayette too and would like to invest in NOLA.

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements.

@Quiche LynnIf a home is in foreclosure the options are to work something out with the lender, pay them the amount that is past due or file bankruptcyHow they get the money to pay the lender what is owed can be from any source, but unless that lender is brought current or has some type of arrangement they typically do not stop foreclosure