Waiting until the property turns into a REO may cost a little more, but you will get a clean title, a warranty deed and have the option of buying title insurance.One auction option that can be very profitable is tax sales.

Portfolio loans are also are easier on the underwriting and can close on a shorter schedule.

But a clean 3/2/2 rental unit can usually be sold quickly.

I like the fact that when I do commercial deals I know what is going on with a transaction and do not have to worry about an agent not telling me something and cleaning up a mess of epic proportions.There were a few good agents but I didn't want to mess with residential on any level.

You need some time to line up your buyers and the more time you can get the easier it could be to do the exchange.During due diligence period, find buyers for your 3 properties.

It's sustainable business.As far as I am concerned there will always be a place for both good clean rentals in nice buildings and first time or the downsize priced property.

The condo is extremely clean and well kept almost like the tenants were specifically brought in almost like a staging.The owner says they might be interested in staying on after I purchase the property but there is zero chance I would keep them in the condo without a new lease.

The acquired building were over 100 years newer and had more modern/desirable features like central air conditioning, integral garages, and fireplaces.Another time I 1031ed property in a distant town for property much closer at hand and easier to manage, it also commanded higher rents.

We took it off the market for a week and half, got it cleaned up and ordered new appliances.

It may have been easier because we were military at the time, but there are some civilian services as well that may help you if the consulate or embassy are too far.If you have a trusted business partner and can wire the money ahead you may also be able to establish a limited power of attorney for the deal that is restricted to terms you have already agreed on, and only for that deal.