I look forward to connecting with many of you and cannot wait to engage with each of you in the days, weeks, months, and years to come!

The facts and challenges are-1) The house is listed for sale on the MLS and it’s “short sale listing approved by bank” leaves no deal. 2) The first lien holder, which is a FHA loan, is for foreclosing and the sale date is set for about 3 months from now. 3) The owner died and his estranged daughter now has the right to sell. 4) The estranged daughter has zero motivation to engage in the process. 5) The lender is owed about what the houses ARV might be after $75k in renovations and carrying costs. 6) I’ve been able to connect with the attorney handling the foreclosure in the interest of pursing buying the note who reports that since it is FHA they are unable to accept a short payoff.

Granted, I've been actively engaged in the commercial real estate industry for 17 years so I know and understand this space well, so for me it's likely easier than for other investors new to all real estate types.That said, there is a reason that many of the investors who've been interviewed on BP, written books, and grown a portfolio often scale or "trade up into commercial" over time, so they can achieve the benefits I mentioned above.

This post was really to get other investors from around the country to engage about their markets and what their returns are!

the main gov cheerleader/force of 'if they're too stupid to follow basic rules/ laws, let's just keep lowering the bar for civic engagement/personal responsibility and give them a pass'.

Avid gamer, Fisher, bush crafter. this is ME!

The breakers should have engaged at once.Note: Tenant is a senior on fixed income, which the landlord knows.

There are a number of PMs that are engaged on the BP forums. 

Spend your time engaging with people who you aspire to be like and who will support and encourage you to reach your dreams.

@Wade Haldeman@Paul MoorerOh...and when I say be prepared for the consequences, I'm referring to many licensed individuals who are actively turning in any unlicensed individuals engaging in that type of business.