So at an LTV of 75% that is a cash out of 240K. 

For auction properties, I'm assuming once I purchase a property I can draft and record the deed of trust following recordation of the conveyance?

I’m Chris Dickerson, a newly licensed Mortgage Broker based in PA, specializing in financing solutions tailored for real estate investors.

What are you looking to buy by getting one of these and do you have any properties?

IF, and should be only IF, the above does not work for you then you can do a debt service coverage ratio loan that will not do any of the above.

He is a BP employee that just moved to Arkansas to house hack after analyzing a bunch of markets.

Hey @Max Gadicke - guessing you're a newly licensed agent, congrats!

I am going to try to make you a better lead generator.You come here asking how to find the owner of a distressed property.Now focus.You are not (or at least, should not) be looking for "distressed properties".

We have done section 8 in a couple of markets and been happy with it, but the Tampa Housing Authority has been very hard to get a ahold of and I can't seem to figure out how to even enroll my homes in the program.

Hindsight is 20/20 as the saying goes, but this another example of a hard money lender doing the borrower a "favor" my not requiring title insurance.