The data they pull from the tax records on how much a home last sold for, often not updated, or completely wrong.

Salaries, compensation, rent, taxes, utilities, fees, MLS, etc.The flat fee model is a recipe for disaster."

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

Low barrier to entry, low taxes, landlord friendly, some amazing class A and B suburbs and a strong urban core. 

No matter the number of units, there is one roof, one property tax bill, one sewer line, one gardener bill, etc. 3.

These are professionals with additional training and a stricter code of ethics.

Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense. 

Attitude and professionalism are paramount; product knowledge next, and then there's your contact/follow-up systems.Put that together, price-test against the market, and you'll have a sustainable, constantly expanding, and very profitable venture.Good luck! 

I am keen to learn from the experiences of seasoned professionals and collaborate with fellow investors who share a passion for real estate.