its a bad risk for the companies to write. there are ways around it though. a property is defined as vacant when there is absolutely nothing there and no one is returning.. if you keep some things there.. table chairs old couch and return once every 60 days its unoccupied and will be covered under a standard ho3

In other words, it is your bad luck if a lien is missed.

Too bad they aren’t all like that. 8)

I don't think an hour away is all that bad, obviously the closer to home the better but please, an hour away.

You also are not allowed to use 1031 tax defered exchanges.Dealer status is a very bad thing.

If you've got bad credit and no money, you probably aren't going to get 100% financing from any bank.

Welcome aboard shovel; I was with you all the way through the post, agreeing with the bad FNMA rules, until I read the next to last sentence; And by the way.

As Mike said, it does not matter if the tenants are section 8 or standard, you can have the good and bad in both.

I'm not saying your deal is a bad one, but if you are going to be finishing construction there should be a significant profit margin.

While you're waiting to find a lease-option "buyer" who has bad credit, yet a big pile of cash, you are losing rent.