I look at this as my "investing career" and though wholesalers have buyer lists, it doesn't make since to squash or walk over a possible LONG lasting relationship over $1,000 or any dollar amount.  

It's not absolutely necessary (in Florida), but doing so will often squash any threats of lawsuits.  

In addition, if anyone in the deal is relying on a bank, the bank can squash the whole thing simply by saying they require a security interest defined as X, Y, & Z: if that exact type of security interest cannot be transferred to the bank, the money doesn't get loaned.

and PLEASE, any negative talk that pops in your mind while driving to meet your homeowner, SQUASH it quick and keep it positive.  

I put in my ads maximum occupancy for this unit is (4) people.. example.. so I don't get calls from someone looking to squash 7 people in a 2 br unit..So set your occupancy and put that in your ad.  

Plus everything gets bid up to infinity and beyond so the premiums squash any decent interest on the cert.

The idea would be that once the equity in a particular property reached a certain level (trigger point), we would sell or refinance to turn that equity into usable cash before the market had a chance to squash it. 

This way you as a buyer know the bank will already accept at that price.It is important as well knowing that the bank will not pursue a deficiency against the seller.Sellers have squashed these deals before when the bank will not give them their terms.In that case you can try to buy the note at a discount and then give the seller what they want in terms in exchange for signing over the deed.You just have to know timelines and foreclosure costs for your state to protect yourself.The condition of the property is critical along with lease agreements in place.Your returns can be severely diminished over time if you do not allocate for immediate repairs needed and the reserves needed for capital items down the road.Example you plan on holding for 15 years.Based on building inspection the roof has another 5 years left max before replacing.So you factor in a cost in year 5 for the replacement with an estimate on what labor and materials will cost at that time.Short sales can be great deals if most of the work is already done upfront.If not you can spend up to a year in some cases and the deal not work out.Good luck

Any RE deal can be squashed by worst case scenario.

If they decide you are getting too good of deal they just squash it.