A little bit of background: I have a bachelors and masters in economics with a strong focus in statistics.

Do you have some statistics on their performance or have they not done anything yet?

I've posted pictures of my properties online for everyone to see.Third, when you say "last for a few months then flame out" I'm not sure where you're getting that statistic.

To summarize this discussion here are the statistics for the best way to get deals from this feed. #1 Networking (with wholesalers, agents and bird dogs)#2 Yellow letters (What kind?

Never having done a wholesale deal - feel like I don't even know what action to take.Probably no good statistics - but Curious what percent actually ever do a wholesale deal that spend some time trying.

Real estate is immovable, unique and assessments require knowledge and experience, you can't put that in software.Only repetitious functions can be made easier with a computer, while that may include statistical forecasting, it can not make an informed buy or sell or lease decision for a particular parcel or improvement.While the geeks may be able to design something that can fix my breakfast, they can not solve my outlook or assessments of real estate.I have gotten requests from others trying to find a silver bullet with software development, the issue is that they do not understand real estate.

Timelines, statistics of costs for various scenarios, and who and when things need to occur. 

Maybe, the market value for this one IS less than he owes, so might end up as another short sale statistic anyway!

It has worked for me, but statistically it is not likely to work for you.

http://www.ci.minneapolis.mn.us/police/statistics/crime-statistics_codefor_shotsfiredMaybe Milwaukee has the same thing.