'Earning' 6%+ risk-free and tax-free in our .01% savings account environment makes sense.I mostly responded to dispel the notion that holding a mortgage for the 'tax benefits' makes sense.  

Dave, I have short blog post on time and materials or cost plus versus fixed priced agreements, including  the notion of a adding a possible upset price or not to exceed amount.

The major misunderstanding and likely the key driving the utility of these instruments is notion of ease of eviction.  

I'm also not fond of the notion you'll realist with me, because a lot can happen between now and then.

I haven't conducted any type of study but just through conversation with Realtors has left me with the notion that not many at all are investors themselves.

what starts bogging me down, is the notion that at the end of the  day... you have multiple loans that you have to keep up with? 

They didn't have any preconceived notions about how to do things.

I'll leave it to the experts here to expound upon my notions.

"- DJ Benedict  I second this notion ... going through the REO listing agent is a great way to go IMO.

neat Nicole...BP has tons of info on both, and the two strategies do tend to diverge, but also think about the notion of fixing and renting out, too, perhaps the best of both strategies (adding value but avoiding some transaction costs from a sale)..