Quote from @John Hu: First, look for market inefficiencies.

Great idea(s) depending on your market. 

I think there will be a market for it and you will gain some market share, but I don't think there will be tons of profits coming in.

And.....”preREO”...just another goofy a$$ made up marketing term. 

Nothing is foolproof of course, but having another investor in your market make a suggestion at least gets us on the right foot. 

@Caryn Fischer You can sell your house to your child below fair market value (FMV), but the difference is treated as a gift.

I’ve talked to a number of investors and they can’t get 10% down on owner finance transactions were the deed transfers at closing.I operate in 4 or 5 markets.

You'll likely want someone that can handle A to Z with marketing, pricing, cleaning, maintanence, decor, websites, reviews etc.

I’m looking to start in DFW since I live in Arlington but eventually I’ll be open to other markets to diversify my portfolio.  

We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!