When it comes to the sourcing idea, which we can group in to brokering concepts, the question that begs to be asked is what can you know of the quality of loans, risk from the counter party or general pricing if you do not have a better grasp of loans in general?  

As I understand the concept (shaky grasp at best) the key is to find a flaw in the record keeping or the filing process as a mortgage is bundled and sold from one bank to another. 

I appreciate your idea - now I want to make sure I grasp it...

I think the bottom line is that I need to hold off on considering REOs until I have a better grasp on the repair costs of worst case scenario utilities.

Would be great to have a better grasp on rehab estimates when looking over a place. 

Search Russ Schieder also local ,and has a good grasp of whats going on locally Alex

If you've owned it as a rental for some time, then you should have a firm grasp on what the expenses have averaged over time.

Lawyers love to represent clients that ultimately require them to do nothing but send you a bill.I know that most of the American population either lives in fear of being sued or view law suites like buying lottery tickets but as a landlord you need to get a grasp on reality and take it slow. 

I have a good grasp on what I can get siding, windows, trim, interior/exterior doors, decks, guttering roofing, flooring, landscaping and concrete done for and who to use/where to source materials, along with electrician/plumbing -- lacking site prep, foundation/framing/roof trusses cost -- I could get the cost of the rough in from a buddy who runs a plumbing co.My challenges are A - not being able to be there all day to run things, and B - still missing some of the key contractor connections.  

All the life insurance haters on this site can never seem to grasp the significance of the difference in those two words.