A substitute for you knocking at the door, standing in front of them.In my opinion, your objective is to be the first (and only) person the principal should consider when they make a decision to sell.

All subsequent rentals received their own policy and each policy carries $1M in liability.An LLC is NOT a substitute for insurance, but there are several misinformed individuals that believe that.

Secondly (but not a substitute for a good attorney), you should consult a qualified realtor immediately to see if you could even do a short sale (the Realtor should get your permission to contact your mortgage company and discuss your situation with them).I can only speak to what happens in Minnesota, but you can do a short sale at any time, but most banks will not allow a short sale if the homeowner is in or just went through bankruptsy.

No Google street view or Trulia map will be a substitute. 

Parental help can often become a crutch and a poor substitute for learning to do it on your own.

I have assigned my future interest in the property to him (if I default) before receiving a substitute trustee deed, and he's forked over the cash before receiving any equitable interest in the property.

In the idea of a NPN, this will also be required in order to substitute a plaintiff in a foreclosure action or other legal matters.A debt investor who provides capital and then places a security instrument in place such as a UCC lien will have other issues in regards to UCC regulations.

There are no equations or calculations that can substitute getting out there and learning the market.

Also double check to make sure there isn't a substitute trustee filing against the first.

We are a fan of pooling properties in a collateralized line (the "LOC") and add/drop properties over time with substituted collateral and/or releases.