You don't lose any money by doing that, of course, but you don't make any either.I know the reluctance to condos runs deep, I bet well more than 80% of real estate investors share that reaction, but I wonder if it's from their experience or if it's just that they are repeating the same thing they hear from others.

Or if the place looks better than the pictures (although that can ding marketing, but improve reaction relative to expectations.)To be honest, I am not a superhost, largely because of value being rated low and resulting overall rating.

Keep trying if you get a clerk who seems to be just giving you a knee-jerk reaction.

Some of this is a real correction of 4 years of abuse, and some of it is a knee jerk reaction to what has happened in the industry.Two big areas they tend to look at with these new guidelines -- what is happening to other sales in that county and that zip, and AVM's, which rely on county records.

We're focusing most of our energy west of I-71 in reaction to the lending issues, it's a slightly smaller market and so the prices go up a little and the number of deals / frequency you can get them at goes down a little as well.

My quick reaction is this is obviously a deal worth looking at.

Discuss the location and you plans with the planner and see what sort of reaction you get.

Sell to an actual end-buyer and take my assignment fee at time of closing.Side Note: If anyone has any comments about this strategy, please let me know, as I'm open for any/all suggestions.Now, here's my question...As a new, aspiring investor here in the Sacramento area, especially within the suburb where I live, and the surrounding neighborhood, there's been an influx of homes that have been foreclosed on, which the banks have bought back and have sent to their respective RE companies for resell.Would these REO's be worth my time going after, in order to hopefully wholesale and if so, what kind of reaction should I expect on submitting low-ball offers?

Aside from cash flow (and getting other folks interesting in investing) it seems to me that their biggest problem is thin-slicing: ie, knowing enough about the business and the market to size up a situation and have the confidence to follow-through on a gut reaction.

Every action has an equal and opposite reaction.