Banks must approve a short sale for a short sale to take place, and banks hire appraisers and other real estate agents to perform broker price opinions (BPOs), or estimated values of the home.The goal would be to negotiate with the seller before the home becomes a short sale. 

Make sure to have clear rules in place.

You came to the right place for information, Kemi! 

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

On the other hand, if you're working with a lower budget and cash flow is your priority, say under $180k, Cleveland is the place to look.

Although he is a banker, he thinks having the ability to operate as a broker and place loans with 30+ other lenders, in addition to his bank, is the "best setup."

I do a meetup in Mesa on Saturday morning's which is a good place to come meet even more RE professionals and investors.You have the experience so now you just need the right strategy to grow the portfolio.

Buy a fourplex so you have a place to live and three rentals to cut your teeth on.

Specifically from the Caged AC Unit into the attic (concrete slab so no crawl space).I was thinking of just building a tall vertical box to place this into.  

This is a great place to learn and to connect with people so take advantage of all the great resources.