Subsequently that offr failed for unknown reasons but I was told they (buyers) just decided to put their money into other things.

well your subsequent description of the deal is far different then your original.now I understand it as a tear down.. lot value 50 to 60k  Minus what ever you have to pay to tear down  ( our area 15 to 25k if there is any asbesto's or lead that could double.)so it looks like the value proposition is not a heck of a lot more than the 10k your talking about.your fist post made it sound like a fixer worth north of 100k that U were going to snag for 10k.. big difference.

You also mentioned that you don't quite own 'Bob' business, yet, subsequently the assumption that Bob being your father is a logical one, as we tend to inherit from parents. 

The best part is, with just the subsequent three tips, you'll be able to accomplish this with less time, effort and money than you might otherwise have to invest with more traditional methods of advertising.1.

All of my negotiators recommend a deal after an exhaustive financial analysis and after verifying that all the requirements of a short sale are met (Like being listed with an agent, executing a 4506T, providing a hardship letter, bank statements, tax returns, Arms Length affidavit, budget, etc..) and then signing off and verifying all of the requirements are met so that when its all done, a subsequent audit from an outside entity or regulatory agent will confirm that it was done properly and NOT just because some talented negotiator thinks it should have been done.

It is, IMO, this type of critical thinking about the deal and your subsequent offer that is the most important lesson any RE Wholesaler or Investor should learn.

Hi Everyone,I'm a real estate investor in California and looking to close a deal over the next couple of months.Has anyone had any success closing wholesale deals pre-auction/foreclosure by visiting the owner to discuss finding them a buyer and subsequently finding said buyer via buyers at auctions?

There are many restrictions but the one that makes me wonder if it would be worth the 0% loan is:The one restriction that has me wondering if it would be better to not take advantage of this program is: Required affordability in the tenant’s unit: Purchaser cannot increase the rent of the rental unit for 1 year from loan closing and rent cannot increase more than 3% per year for the 4 subsequent years OR rental unit is occupied by a Section 8 tenant for 5 years from loan closing.I would love anyone's advice/opinions. 

I went with the latter, and required insurance indemnifying me, which the tenant subsequently got.Another tenant set up a drug dealing operation from his apartment.

I removed the "text message" call to action in subsequent mailings.