I have thought about doing this because the deals seem to have dried up in my area recently.

On the sample report, I didn't see eviction expenses, court costs, entity maintenance, excessive damage done by tenants (above and beyond the security deposit), etc.

Fast forward, the assessor going through deed transfers sees that I paid alot less for the house and shows up in the gutted kitchen asking questions about the value to the dry man of all people.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

The condo conversion fad is over and in many areas there is an excess supply of condos.BTW, buying 30 units at $100K per door and selling for $200K per door does not give you $3 million "net".

It should be fairly easy, cut and dry.....the lien holders will take your price or not.

You will also need to pay for the labor to cut out the windows, frame the window, install, insulate, dry wall it and paint it.

Excessively marking up the service or product is gouging.

If the net from the sale is more than the mortgage balance, the seller gets the excess.

However his stuff had some "help you with foreclosure" language in it that people thought might cross the line of what can be said if you aren't licensed to work with people in foreclosure for those kinds of services.If you just have a general "We Buy Houses" kind of message then you are just junk mail if people don't want to sell you their house.Maybe they don't have any dry cleaning do they call the cops when they get a coupon from the local dry cleaner?