At that point, I think I will move to California and pay you to be my mentor.I think I understand your investment strategy of purchasing a cash flow positive property with possibility of HUGE appreciation upside.

How long did it take to get a positive response from the bank?

Just a quick point... the 50% NOI calculation includes vacancy.Numbers seem solid and I agree with your cap expenditures though based on what I have read you would probably want to create an escrow/savings account as those expenses will come and that would put you in great position to deal with them.Not sure what the whole side deal is with your brother but the numbers seem to add up.

If 45 days are too long, any suggestions I could give to the loan officer that would put me in a better position with the REO offer?

This would apply to Rob's position as an agent.

I found out that my regular mortgage is in the second position and my line of credit is in the first position.

You the Investor – always have a positive and outgoing attitude, ready to meet people and network.

Josh has done a great job and continues to make it better.I wished I was in your position.

Noramally when there is a claim the title company pays to defend your position and not actually cut you a check.

HM or private loans to the very local investors in these cheap markets and in a position to find the best REOs/foreclosures to buy and flip.