FAQ on Short Sales, for investors

[Jennifer Kinzle]

Hello BP Investors!  

There is a lot of great stuff on the BP site and I always seek to use it as a resource.  So, right now, I'm working up a list of frequently asked questions on short sales and I'd like to get BP investor input.  A few I have so far:

How long does it take for a short sale to close?

What's an Approval Letter and why is it necessary?

What's a "pre-approved price" mean for a short sale? 

How can I get around a deed restriction on a short sale?

Can I assign or do a subject-to on a short sale?

How does a short sale mitigate 1st, 2nd and 3rd mortgages?

Why do I need to list a short sale with a licensed agent? Or, can I FSBO my short sale?

Why should I look into short sales for adding to my investment portfolio?

Can I short sale my rental property?

Ok, that's about as far as I've gotten.  What else would an investor like to know up-front?  Got any suggestions?Please comment below and let me know.  I also plan on creating a short sale companion guide for the average home owners as well, along with a video guide.  

Thank you!