Be warned, people can work months...or even years....on a short sale to have them fall through....you just have to view the whole process as a free (excluding sweat equity) education to avoid being disappointed if it doesnt pan out.

I am seeing comps selling (and sold) from $135,000 to $145,000, so I feel that the ARV should be just below $140,00.I try to stay conservative on the numbers so that there aren't many disappointments when things do come up.

While disappointing that I don't get to make my first investing purchase, I am DELIGHTED to save the money and heartache ya'll so wisely pointed out...risk is one thing, high risk is something else!

"To avoid Disappointment always have an Alternative!"

We have never been disappointed and continue to reap the rewards of finding him.  

Every so often, I get disappointed.

It took about two months to get it rented out, which was a bit disappointing, but our current PM seems to have high standards which we did agree with and he didn't have to lower the rent (which I almost asked about doing).

I would speak with a lender regarding obtaining a HELOC or refi prior to closing as it would be a big disappointment if you tied up all your cash and couldn't refinance . . . and I've seen it happen.

No way we could afford this but man did we explore every option to attend and we were really disappointed when it didn't work out for us.  

However, I did feel somewhat disappointed.