Unfortunately, it's going to be tough to have such a limited role in the investment (especially with limited knowledge/experience) and still be successful on your own.

Hardmoney lending is sort of like being a limited partner in a real estate partnership with a little more skin in the game.

I just downloaded the El Paso County Pre Sale Foreclosure List Sale Date: July 11, 2012 off of the elpasopublictrustee.com website and I am trying to decipher the information contained therein.

I quote:PROPERTY DAMAGE BETWEEN ACCEPTANCE AND CLOSING Seller shall maintain the property until the earlier of closing or occupancy of buyer in materially the same condition as of the date of acceptance of this offer, except for ordinary wear and tear.

IMO, it's one of our most dangerous laws and one that should be strictly limited.

Check out the special programs in your area as they may have something like it -- I was shocked at how high the income limit was to be accepted into the program.

Semi-nursing homes with limited care may be given.Low income housing, new units under tax credit programs.More si-fi, private communities larger tracts with seperate housing units in rural areas, one is popping up near here.

I understand that in NJ you can vacant a 1-3 unit home upon your move in date by stating that you intend to move in.

We're coming up on our HUD contract expiring date.

I assumed it was public knowledge not to hide it but perhaps limit future losses.....but then again, it might not be so bad of a hit, I wouldn't hold it, but he may be happy to.