Bill Gulley So if the quit claim goes through, I can still obtain title coverage, and that would effectively confer on me the same benefits as a warranty deed (grant deed here in CA) would have?

As a lender I also wanted to see that the profit estimated was not only reasonable but sufficient to conduct that business.

I wrote about this last week on the BiggerPockets.com Blog:http://www.biggerpockets.com/renewsblog/2012/09/19/trouble-finding-real-estate-deals/In the end, experienced investors always figure out how to conduct business and keep moving forward.

Whether it is fair or not depends on the individual conducting the appraisal as well as the data or comps it is based on.

If it's a large brokerage are they a Dunn and Bradstreet operation, I'd look them up, if not, I'd have a quick interview and ask for a credit authorization and see how they conduct personal business!

=)This is how I conduct my business.

Almost every month there are individuals posting about starting their own PM company so they can conduct business better than those already in business.

In the state of Maryland there are only three entities that are legally allowed to negotiate on behalf of a homeowner: (1) a realtor or broker who is conducting activities that are incidental to their license.

Jeff S. it depends on how you conduct business.

I found this thread out there a little.I don't see people making more money in less time lazy through systems and processes.While those processes shouldn't define a person they are important to have in place and constantly be refining.Re-inventing the wheel every time is asking for lost time and additional work that is not needed.To the original poster it is YOUR MONEY.Take what everyone says with a grain of salt.Then determine what you would feel comfortable doing because if it goes South you wouldn't be losing their money.I look at this the same way conducting business as a commercial broker.If someone calls me up and is looking for a one in a thousand property I am sure it can be done.How long and how much time to get there is debatable.I don't personally base business models on long shots.I want to know when I put time in that my chances of getting a return are very high.It seems like this flipping business is getting tougher and tougher.I have been having many investors from across the country telling me that flips are getting to be more competitive and dried up.The volume is going down and they are tired of dealing with home buyers.They are looking for commercial properties to move to a different niche of investing.I can tell you I wouldn't want to hold SFR house rentals as an exit if it doesn't sell.I do find it interesting to hear what different residential flippers are doing on deals though.