Sometimes liens aren't found initially when the preliminary HUD is submitted to the bank for approval (such as a utility lien for a few hundred, a city lot clearing lien, etc).

You also can concentrate on learning and meeting people until you turn 18.BTW as awesome as it is you are taking this kind of initiative at your age you ARE still just a kid.

Individual repairs, rents collected and other expenses were charged against the ‘unit’ that occurred the expense.Property 1: Unit 1 – Cashflow ROI = 15.42%Property 1: Unit 2 – Cashflow ROI = 13.08%Property 2: Unit 1 – Cashflow ROI = 21.80%Property 2: Unit 2 – Cashflow ROI = 3.56%Property 1 I acquired in 2011 and took care of some maintenance as necessary early on, so I’m glad to see they both performed consistently this year.

Talk about doing the Due Diligence.http://www.miamiherald.com/2014/01/07/3856439/2-charged-in-3-county-fla-rental.html

@Thierry Van Roy do you have a model you use for initial screening and deeper analysis?

I have a money guy coming in with the purchase price and my company will come in with half the initial repair cost and do all managing and repairs going forward. 50/50 profit split.

Bank initially approved my offer to buy a 6yo, modern, nice, heavy traffic, 8000sf foreclosed strip mall in Clayton County, GA for $475K cash.

They should be getting charged at least another $150 on top of what they are paying for the house they have.

He even talked the plumber into not charging for the first rodding attempt as it did not help.

Obama first announced the initiative during last year's State of the Union speech.