My doubts have been eliminated but I will surely research more about the VA to get my Flip strategy going.

Some times us ‘debt free’ thinking talk as if we have eliminated all risk, when in reality, we have only taken it down to a level that we feel comfortable with.

Often the owner has no idea that they signed something that eliminated the MLS listing, or that they agreed to a dual listing agreement.

Eliminating the deficiency is more important than $3,000 cash for keys.

Of course, buying the land trust instead eliminates another deed transfer, for resale/seasoning issues, if they apply.

Second, some REO sales have deed restrictions that effectively eliminate the opportunity for a 'wholesale' deal.

(You could eliminate any default penalty under the contract as consideration for the additional earnest money ;) ) Hope it works for you.If not, you may need to use the option route and a separate lease with rents paid at market rates and an option price paid as you might agree to structure the deal

The owner has alot of equity in the building but the mortgage is sure to be above $160,000 so that would eliminate just the standard 'subject to'.

This drives up the rental prices and almost eliminates vacancies if timed correctly.

The trend here appears to be that most people are having some trouble/frustrations with whatever strategy they're using and are looking to break into a different strategy to eliminate their current problems.