That makes managing things easier.Con: You aren't getting dollar for dollar value back and if you use that money to buy another property, now you have two appreciating properties.

Check out dollar store for something like that.

I read that some were buying the rights of people who are owed money from Lehman Brothers at 100% on the dollar because they think more is actually going to be returned with the UKs required interest, if there is money left over after they pay all their debts.

That is, unless investors are now willing to pay more than the 1% rule used to dictate.I know it will cost some time and money to get them vacant and fixed up, but the alternative seems to be to leave 10s of thousands of dollars on the table.

Certain organizations such as the AICPA and the State board that issues the CPA license mention what a CPA can / can't do to retain his / her license.Providing a comfort letter is an 'attest service'.Furthermore, CPA firms are encouraged to have insurance, which may mention that the firm can not provide comfort letters.What the mortgage company is looking to do is potentially have another person to go after if the mortgage goes south.It is not worth it to a CPA to get a few hundred dollars but potentially get a lot more in risk exposure.

I’ve seen people buy “overpriced” properties at over a million dollars.

If they come on the market they are sold for top dollar to investors as income producing businesses. 

I can tell you from personal experience that it’s helped my wife and I save and make thousands of dollars.

@Mac Boeve if I had a dollar for every applicant claiming identify theft, they only cosigned for a relative or friend, they're working out a payment plan on that chargeoff or they have no idea what that is, so it must not be theirs - I wouldn't be here on BP!

The goal is to take down 5-20 million dollar deals; the next few years will be properties that will come to market at very prominent discount.