I am in business to make money, bottom line.

i don't want to be discouraged but i had no idea finding the right house would be this hard :( would our best bet be hiring an agent?

Tell me what county/state the property is in and I will tell you how to look up the title on line...the borrower's name will be on the title and then perhaps you can locate him/her with a reverse address lookup...Regards,Scott Miller

At the moment I don't know a whole lot about construction; however, I bet if you put together a good team of knowledgeable people it could work.

But then my places were always "top of the line" condition and I always looked hard at my tenants.

Some charge an origination of 6 points and 1.5% per month which seems to fall in line.

I've researched the property on-line and neither was listed as a prior lender.This all new to me, so any information is helpful.

So many of everyones posts have been a great help already, but you bet, I'm sure I've got lots to ask help on.

I gave them 45 days to move, but there were on a month to month lease Actually they called me asking for 5 more days, so I didn't close till day 52. bottom line, there is nothing they can do really they will have to move sooner or later.

I'm sure many people have done this, but I'll bet that most of them don't fully understand why they are doing it, and many of them are losing money without realizing it.What's USUALLY in the back of their mind when they do this, but is often subconcious, is that they are COUNTING on the house to appreciate and/or rental rates to go up.