Since it’s the lender’s responsibility to manage their risk, not checking credit or accepting a low credit score without large trade-offs to leverage is something a true lender wouldn’t do.Properly vetting our borrowers is not only beneficial to a lender, but it also ensures the borrower isn’t getting involved in a deal that isn’t a good fit for them.

I would get involved in your local REIA and BP meetups, etc in your area and starting building relationships with people. 

Their coverage is primary and non-contibutoryThey may balk at some of the above because it may involve a cost.  

Details:- This would be my first fixer, but I my family is very involved in real estate, so I'm not totally green.- ARV Comps for this property are in the $500k-$600k range in my neighborhood.- The guy bought the property in 2004 and it's been vacant for a couple years, but he has been checking in on it periodically.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

More important is that your CPA has lots of clients involved in REI.

Hi! We are real-estate investors that own 3 vacation rental properties. We are currently maxed out on being able to get a mortgage because of our other mortgages. We currently live full time in a town house and of cou...

Great info from Don on the costs involved in foreclosing!

I've built a triplex, have another completed plan that is approved, have converted buildings to take advantage of the 2040 plan and am involved in other aspects in small scale development. 

My "competitive" advantage to this point is the ability to do 95% of all rehab and construction work on the deals I have gotten involved in.