@Charlie McGee.Acosta can you send me info on this property please?

This was discussed extensively during my initial closing, however most lenders have that requirement.

They may need to inform you of this.

Is this because they don’t want you living in the property?

In less than four years, Tom Lincoln had to go to court to prove his ownership rights to this second farm.

This is like getting a no-cost loan from the IRS.

I see youre in LA.....looks like you need to come this way to invest

Law firms that handle collections or represent landlords in landlord-tenant matters can help.If you already have a judgment against the former tenants, a law firm can help with filing the garnishment paperwork, skip tracing, and other possible other remedies.If you do not have a judgment against the former tenants, a law firm can send a demand letter, maybe an asset search, and if necessary, file a lawsuit.With collection law firms, you may be able to negotiate if it will be contingency based or flat-fee for various services.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

This will allow you to finance improvements when you buy - allowing you to buy properties that are NOT mortgageable, which will allow you to get a better purchase price.3) Get pre-approved for both FHA 203(k) & regular FHA mortgages, so you can use either depending on the 2-4 unit property you find.Your goal should be to improve and stabilize the property, so you can refinance out of the FHA loan to free it up to use it again (can only have one at any given time, unless extenuating circumstances).NOTE: you have to owner-occupy for the first 12 months per the mortgage, before you can convert to 100% rental.Would also recommend living as cheap as possible, while generating as much cashflow as possible:1) Live in the basement if possible and rent out 100% of the units.

And you pay tax on $154K but shelter the tax on $246K of gain - this would be a savings of over $50K.