Currently their are too many unknowable unknowns to make an intelligent decision in your current situation.

The new home builders loved this because it helped keep inventory artificially low so they could build new home communities which is still going on today.

The reason they have poor grammar, spelling, have ludicrous terms or claims is not because they are stupid, it's done on purpose to weed out potential victims with intelligence. 

ACTION and INTELLIGENCE are.

I just moved to the US last year and am a property virgin here.I looked at a foreclosure a couple of months ago and met a realtor there who got me to sign what I know now as an `exclusive buyers contract`, no excuse as i`m a reasonably intelligent adult but he said it was a `no obligation` form and just a matter of normal procedure here and that I could walk away at any time...fast forward a few days and an email copy of what i signed was sent to me...looks like i`m on the hook for 6 months!

If they are intelligent they can hop on Zillow and see that I wasn't lying about the comparable homes. 

You need to understand it as well as you can and as closely as if you had done dozens of deals yourself as possible.You have to develop high levels of conviction that this is the business for you and that your deals are a win for everyone and then be able to intelligently explain all of the details of a potential deal to your would be investor. 

Hi Brandon -  The process starts with "increasing your financial intelligence" ... do your homework ... begin by reading BP's Ultimate Guide to Real Estate Investing and pick your niche.Welcome and good luck.

Staying active on this site, and listening to and learning from all the savvy and intelligent investors here, I may do these numbers and more!

We have artificially inflated prices, in most of the areas with cash sales to out-of-state folks, or local cash buyers( who just don't know any better).