I will say though if you have the ability financially to do multiple deals a year the 15k could be worth it just to get in with the right contractor. but keep in mind if they are selling this to the masses in a few markets there is going to be a real issue with saturation and not enough folks to actually work on the houses. it takes a special kind of contractor that will do reno's in these markets at a budget that is going to allow you a profit..

Assuming no mass sell off of STRs of course. 

I took classes at Mass Art- what fun!!!

I have to say, managing this uniquely designed unit is so much more fun than managing the one designed for the mass market. 

There is no shortage of companies you can pay to send out mass mailings, texts or recordings.

And with masses of "noob" starving agent's out there begging for listings, any listings, well why not use the desperate ignorant agent's to "fish" for a stupid ridiculous sale price, who knows. 

Hey Alex, real estate in general isn't all that risky if you're simply smart about it.If you're looking for a sleeper market that the masses haven't caught on to yet, you've got it in Detroit.

And any short sale offer will have to be close to market value.Years ago, after the great settlement agreement with the big 5 banks, those banks were making mass offers of discounted pay offs on seconds.

A similar situation would be like when New Orleans flooded and people were displaced in mass , or another natural disaster .

Thank you in advance for your assistance.You can send mailers, mass emails, texts, and do cold calling.