If it's a single family house, you likely have no grounds to prevent them from holding a birthday party in their own backyard or having children over.

There are generally two sources (or "phases" really) of short sales:1.

Money Mustache blog articles, but here are a few good ones that seem relevant to this discussion: Also, the new Set For Life book does a fantastic job at explaining the need for tight budgeting at the beginning phases of REI, as well as the mindset that goes along with it. http://www.mrmoneymustache.com/2014/11/23/not-extr...http://www.mrmoneymustache.com/2016/06/08/happines...http://www.mrmoneymustache.com/2012/03/29/killing-...

After doing a ground-up multifamily/hotel development in North Dakota, I paid $25k to join a 1 year coaching program.

I live in San Jose and have found through BP that there isn't much potential for investing in Silicon Valley, but I'm in the education phase of REI, and am considering getting my feet wet doing a live-in rehab of the condo we purchased in Dec of 2015.

I am taking it back over after the Property Manager ran it into the ground.

I have found that at this phase of my life, there is no better way for me to live than to do both.

There are some loan programs that will go up to 75-80% of the After Repairs Value and there are also some lines of credit that can be set up so that you have the ability to close quickly and pull funds when you need them.I like the idea that you should have your work scheduled out in front as well as how much money you need for each phase.

100% NOO financing was phased out of wholesale a number of months ago---sorry...Regards,Scott Miller

The planners should be able to tell you both the actual procedures and costs as well as to give you some feel for the situation on the ground.