But, I understood driving 180 MPH better than they did.

The near miss of the borrower into conventional is not well understood and as far as most of those borrowers go, they think they are bank-able and blame it on the banks while still wanting a 4% rate and good terms.  

Curt  I know we are all entitled to our opinions and that is the great thing about BP... when i first went to Philly I was not sure either.but once I understood and spent time in the city to me Philly is really is on the way up.. and there is going to be some major money to be made there..When I choose to do business with a company I vette them I travel there I want to see their offices the product before after and during.Which I did with ABC..

They say it is illegal to do it any other way.The way I understood this whole doubleclose thing was you open 2 escrows.  

Sometimes, a deal isn't in the norm, reality isn't what it seems.If a seller is motivated to do something and fully understands the risk and pitfalls, then there is nothing wrong with creatively structured transactions, so long as :1. the intent is not seen as being predatory and is ethical; and2. the structure follows legal requirements; and 3. the consequences of risks taken are understood and can be managed to prevent any harm. 

Mypartner and I decided on buy and hold investing for a few reasons: (1) we wanted the stream of income (cash flow) that will help replace our W-2 income, (2) we have no experience/interest in doing large rennovations and (3) we felt like we understood evaluating a buy and hold property better than a flip.  

Your analysis is helpful and your points are understood.  

but from what I understood... she was responsible for half the .. not sure if it were taxes.. but she was responsible for half of 75K.

Ok, so i'm looking into pre foreclosure dealsNow, i'm a newbie so I really don't know much about what goes in between what i'm about to lay outplease correct me and give me more details on what i'm trying to do also please add anything that i'm missing.So I found a house in pre-foreclosure that's worth $368,000The owner bought it at $359,000 and he owes $139,520So what I have understood is that I can make an offer to the owner to buy their house at the amount of lets say $239,000 if I were to buy at 65 cents on the dollar of value ($368,000)So i make this agreement with the home owner and put it under contract?

That didn't make it a short cut to anything nor a secret, just something that not many people really understood.