No I don't, but instead of thinking of your residence as a cash machine, think of it as a way to build up your equity like the poster above me stated while reducing your debt burden by taking on a roommate.  

For effortless, built in equity and cash flow you'll need a time machine to the days of blood in the streets and fear that Bay Area real estate was dead "for real this time".  

It is still possible to get a good deal on an REO - especially if your a buy and hold investor, but if you're looking for huge paydays and swinging for the fence, you'll need a time machine to return to 2010 & 2011.As Brent P suggested, find an agent who specializes in REOs - especially one who lists them becasue they get to keep the whole commission when they sell you one of their REO listings.Be prepared to wait though, because sometimes it can take a month for a bank to respond to an offer, even if the offer only give them two days.

Just as I can sound very negative about the possible dire consequences for anyone thinking they've just found a magic cash machine by buying in the lowest priced areas here in MKE, I think the flip side of that is that a landlord who gets a great rep with both the residents AND the city as a decent landlord could have all sorts of great opportunities fall into their laps over and over again!

It'll cost around $2000 to finish it plus the cost of coin operated machines.

I am 19 years old, am currently working as supplemental IT and do rapid prototyping for a machine shop, in addition to attending Purdue's New Albany branch for mechanical engineering.

I don't think just the repair would be covered ,  it is like a broken furnace or washing machine you just have to fix it. 

And absolutely his capital that seeded our marketing would be returned before anything is split.Let's ignore the fact that he has done deals before -- How would like to contribute to fund the marketing machine in order to get more deals to wholesale.

It sounds like you already have a decent amount of capital and a good wealth building machine in place.

If this offer is not accepted or countered by January 1, this offer becomes null and void and all deposit help by the title company will be returnRemember BANKS  are NOT human.......they are machines.....they don't really care about you or your money, sometimes I think they don't care about the house, there are too many levels in banks for anyone one person to make a decision (unless it is a small local bank or S&L).Send all your correspondence by certified mail, receipt requestedYou should also understand that banks usually do not have legal ownership of the property being sold at a trustee sale and that the final ratification is not completed until the sale is advertised and a judge sign the documents.