Clean it up with 2 guys for 2 days for 2 grand or a little deeper shave and a haircut, but no permit pulls, layout changes, etc.  

The short sale went through for $80K.The 1st , who was taking a haircut, only wanted to allow us to get $2500 in the beginning, but we got them up.

As the DOM increases and the price reduced, they'll take an increasingly larger haircut to the list price.Follow up on properties that go "pending".

If you have a submission, and its complete, and you have a competent agent, and are realistic about what's going on, there is no reason not to decision the offer in 30 days and again, the Feds say we have to.When the appraised value is $400,000 and you offer $200,000 because that's what makes sense to you for your cash flow objectives, and/or when you are asking for 6% in closing costs and another 6% in seller concessions, and a 90 day close contingent on you selling your existing home, and the property is currently in foreclosure and scheduled for sale, and/or the agent forgot or didn't ask if there was any other liens that also need a full and complete package submitted, and/or the agent is the buyer and wants a commission on top of the haircut on the payoff, etc..

Who after all takes the haircut in this "partnership"" if things don't go well?

It could take a few $15 "haircuts" to figure it out... but hey if you can get a good tenant (and a bunch of information) for less than $100 somewhere else.If it's in a community like Wenham or Beverly, MA where most of it is residential, but there are a few small family farms left over, then consider leasing it to someone who wants to open a small organic grocer, CSA store or something along those lines.Another option, depending on your business plans, is to utilize it yourself for a REI business.

@Tim Coulter1) I am not in this market so not sure how realistic $550K ARV is and not sure if the seller would take a $70K haircut on price, on a MLS deal.

But it's a serious haircut for other areas.

Hi, wondering what the average haircut lenders are accepting on 192k payoffs and 101k payoffs?

Go get your haircut!