They preserve numbers and walk away with a nice check and I will get a lemon.Kitchens and Baths sell homes period.You would be better off doing a mack daddy kitchen and bath and just doing basic paint and carpet everywhere else then to have a buyer see "cheap redo" through the whole house.You can find quality new cabinets cheap you just have to look around.Much Older cabinets as said before were built better and you can rework quality.

The banks use national preservation companies to do the cleanouts, boardups, winterizations, and REPAIRS.

I'm not looking for a quick payback, but I would like to preserve my capital.I'm seeking to find distressed properties that are either bank owned, or in a short sales situation.

A double closing will help preserve the relationship.

No property preservation, no realtor fees, no holding costs no further liability.

Btw, those in the #2 category are sometimes in the #1 category as well, as real estate tends to appreciate at around the same rate as inflation (historically), so if they don't have good reason to believe that their specific area is likely to see greater-than-average appreciation, they are basically just creating a cash-preservation strategy.

Clifton, When making an offer on the 1st, we usually back into a number that's a % of UPB, after running a BPO, and backing out typical expenses the sr. lien would encounter, such as Realtor commissions(6%), property preservation & maintenance(1.5%), Taxes & condo fees due, Legal & recording fees, Closing costs(@ 3%), Opportunity Cost (6% lending to client base), carrying cost (1.5%) , and REO costs.

I preserved my credit.

But if walking away with nada means you preserve your good name (and maybe even get a referral from the seller sometime down the road), so be it.

That preserves your ability to evict if necessary.