I'm just wondering if he had to go through some form of Loss Mitigation , but on a larger scale.

hey Johnny - what i am transitioning to is to buy, rehab, hold for 2-3 years and 1031ing them into larger properties.

I'm at a point where I have no problem just knocking on a door or just chatting it up.

I’ve found my houses near busier streets rent fast and have larger pool of potential tenants.

Two years ago I refinanced the FHA loan from a 6.75% to 5%.I would like to keep the property I currently have, rent it out, and purchase another 4plex in a nicer area of town which has larger units.

Most other larger lenders do allow for a back to back closing.

You just need to knock on doors, go through craigslist, network with the right people, and recognize an opportunity when it presents itself.

I can't understand why I see some small companies doing this, but none of the larger outfits.

It gets more faces in the door.

We do it ourselves. 90% of what the inspectors look at are thing we don't care about ie. working appliances, leaking toilets, rubbing doors, etc.