Short Sale Questions

[Amaf J.]

Evening everyone,

I was doing some research and it seems like short-sales might be a good avenue to pursue in order to get homes at a discounted rate. I did have some questions though about the process and post-purchase. I'm mainly looking to focus on purchasing, light rehab if needed and renting to tenants. 

1) Do most short sales require any form of rehab work?

2) Typically, how much cheaper are they compared to houses on the MLS?

3) What percentage do you typically offer on asking price?

4) Are these good purchases for buy and hold?

5) How do you guys typically pull comps on houses in the area?

6) Are there certain things that stand out for you to automatically dismiss as potential purchase?

7) Do you only use HomePath or other sites too?

8) Is the analysis on the property done the same way as other properties?

Thank you all!