I'm hoping to get my EM back - that was my biggest out of pocket, I don't expect to see the "engagement fee" (though he said he will send it - I'm sure it will get lost in the mail).

The single family play is more the break even in cash flow (sorta like what you proposed) and hold out for equity appreciation, eventually selling it to cash out or cashing out on rents when you own free and clear in 30 years.I'm more of a cash flow player and thus look at multifamily houses.

If you're in for the long haul and are willing to engage the community to decrease disorder, then I would point you to best practices for community building.

I appreciate you Memphis guys engaging on the topic.

I would suggest telling them you are a player in their market and you should meet for lunch to see how you can work together to make more coin in 2012.

I'd bet the "They bought the call option that is now worthless" and "Too freaking bad" approaches taken by investors engaging in deals like this is why that law exists.I'd bet if you said to these buyers "you bought a call option that's now worthless" that they would look at you with the deer in the headlights look.Having said all of that you likely shouldn't have sold them an option to start with because the investment is not suitable for unsophisticated buyers.

http://finance.yahoo.com/news/foreclosures-draw-private-equity-u-150127753.htmlmost of you probably already heard of this in the past months and it looks like it's going to happen pretty soon. as a newbie in REI, I'd like to hear what the experienced player's opinion on this. couple of questions I can think of. 1.

Look for the major Private Equity/REIT players to announce BIG Residential REO take downs over the next few months.

I soon learned that in order for a neighborhood to be revitalized, eventually all of the players - residents, businesses and ESPECIALLY the local government - will need to be on board.IMO, you can tackle this from two angles:Pull together the local government, businesses and Investors (don't try and go this alone.

I'd get a little more targeted if engaging the police.