This is a very nice place that brings 15K-20K a month in the summer.  

Tell the agent to provide you with the all-cash written offer for your consideration. 

I’m guessing the property has been written off by Suntrust (original lien holder) and either isn’t worth the cost to complete the foreclosure process or it’s already been written off. 

Mike,I thought you looked familiar, nice email :)You didn't get that job because of our Eastern European heritage and that HR rep forgot how to use the "Z" key :)Also, [email protected] takes FOREVER to spell out to people!

If you have emails, text or written conversation that is better..

sounds interesting to partner with him as I don't live in the states and can't get a mortgage as I am not a citizen so would be nice to have someone that has knowledge of the US market and that already has a team in place.Any insight to this guy or even your opinions about this  would be much appreciated.

But since MTR became popular especially in Vegas we just went to our broker who placed the tenant for a lease fee and its worked great.. its a nice way to go this MTR.. 

U simply are not clued into the lending market and the way lenders look at risk thats why you think its a great deal but its only great to you.. most all of us lenders do FAR better than 10% on really nice first position loans with a fraction of the risk.. 

Nice that your first property is a 6-unit.

nice work.. !!!