That said, I would try to network your tail off with all the folks you can get with.

. ;)I suspect as we get closer folks will be posting their tails off trying to get there.

Thanks @Mike B. and @John WeidnerI was under contract on a property and when I got the home inspection back, i tucked tail and ran.

As everyone says, this is a relationship business and as a newbie you sometimes wonder if just being not "from around here" might set you back a step automatically.I will definitely take you up on the PM offer... once I make heads or tails of this forum.

Like they say don't let the tax tail wag the dog.

However there was water that remained/collected in the bottom of the pool, providing habitat for frogs, snakes and cat of nine tails.

Wondering if I should get closer to sellers asking price, make a little less in the first 2 or so years and look to make my profits on the tail end when I sell the properties in the future.Thoughts??

This is true with most REO properties.What I do is more of a "whole-tail", I buy [with OPM] and close on the property and then either double close or sell it in a few days/weeks to other investor once I've closed on it.Since there is no deed restrictions on HUD homes, this can be done easily.I hope that helps.

Most likely they will only buy partials from buy and flip note sellers /investors and, this will force you to guarantee the note if something goes wrong, to keep your interest in the tail end.

Seems Opendoor, Offerpad, Redfin, Zillow all had that approach and now they are leaving the market with substantial losses and their tail (in this case spreadsheet) between their legs.The first rule of investing: 1.