Send them a letter.If it cost you $1/ea letter then it is worth the gamble to see if they are motivated!

I tell people upfront hard this sport is - gurus do the opposite.

We have another house on Paseo Pinzon, Capo Beach (Dana Point), and there are multi million dollar homes on the bluffs which is 1 house away from us and across street (you can see map) There's also a celeb sports person that bought, and has friends looking at our property.

I want to primarily learn and become familiar with the process, the terminology - and the pitfalls.Please be patient with me and thank you all for being good sports and sharing a wealth of knowledge based on experience.Best RegardsSteve

If I bought it subject to, assuming he has a 5% loan, I could pay $80-$81K and still wholesale it for $5K.But I'm not in your market and my buyers don't buy where you are.As for his asking price, every time a seller tells me what they want, I think about what I want; and that is to wake up and find a brand new high end sports car sitting in the 5 car garage of my 5,000 sq/ft house with a large in-ground swimming pool (I don't really want any of that, but it is just to prove a point).

Vegas has potential for more appreciation but I just can't get over the feeling that investing in Vegas right now for appreciation is kind of like gambling, the markets swings. 

It's a gamble but it's their gamble and perhaps it is paying off in some cases for them. 

They are discounted and sold for cash so that the money can be used to gamble, buy drugs or alcohol.

Oh, also has a 1 car garage, might be able to rent that out for a little bit of extra a month to someone that needs storage or space for a sports car.

I do not "take a chance" and I do not gamble.