I took a BS from Oglethorpe University in Business and Computer science, minored in Japanese Language and Culture, and concentrated in Economics.

I'm jumping in this head first with no background in real estate (closest experience I have is a BS in Finance).

If not, finding a tenant getting them to sign anything, then taking that to an owner and getting them to sign anything, is acting as a leasing agent, pure and simple, you are attempting to circumvent licensing laws with a BS paper shuffle, doesn't matter what you call your documents.

I need a realtor that understands the A-B B-C transaction, assuming I can in fact get it low enough to purchase and resell.

But tax valuations in general are a poor metric of value.As far as Loopnet, pristine stabilized properties in A/B areas are typically listed too high, I'll agree with that.

If you are selling cash it shouldn't really hold things up (just cost you 1 day), but you will need two sets of funds (you cannot use C's funds to close the A-B leg unless they are okay with it).

These are the key factors you need to be sucessful in the model you propose.In addition, simultaneous closings (where you use your end buyer's funds to close your purchase transaction - using buyer C to close the A-B transaction) are very difficult at best these days due to the many law changes and the title companies not insuring the transactions or willing to perform such transaction.

Maybe it is a sign that the market has started to rebound or maybe the law AB 284 Nevada passed last year has temporarily reduced the REO inventory.

From what I can see a hard money > refi deal maximizes the cash on cash return.Purchase Price: $47,000Repairs: $5,000All in: $52,000Rental rate: $900 / mo - $10,800 / yrCash flow: $450 / mo - $5,400 / yr (financed)CONVENTIONAL - 25% DOWNDown payment: $11,750Repairs: $5,000Closing Cost: $750Inspection: $300Total Expenses: $17,800Cash on cash return: $5,400 / $17,800 = 0.30CASH - Purchase: $47,000Repairs: $5,000Closing Cost: $750Inspection: $300Total Expenses: $53,050Cash on cash return: $10,800 / $53,050 = 0.20HARD MONEY > REFI 30 YRPurchase: $1,560Appraisal: $500Inspection: $300Closing Cost A-B: $750Closing Cost B-C: $0Total Expenses: $3,110Cash on cash return: $5,400 / $3,110 = 1.73Am I doing this correctly?

If the offer is accepted great, otherwise we move on to the next property.With the recent passing of AB 284 the number of foreclosure filings has dropped more than 80% therefore the number of new foreclosures coming on the market has slowed drastically.