I've never dealt with a short sale before and unfortunately there really isn't any good information on the pre-existing threads here or on the blog.

If you are sophisticated & not accredited, you can invest in 506(b) syndications, which are not publicly advertised and require you to have a pre-existing relationship with sponsors.  

  (30-45 days.)One alternative is a line of credit against a rental or commercial property that has no pre-existing mortgage - or a HELOC. 

Do you know if any problems preexist on the property.

@Henrique SousaIn order for you to invest in syndications two components must be met.1) As others mentioned - you must have sufficient pre-existing relationships.

Today the SEC came out with this as part of their complaint against a defendant selling private securities:"Respondents did not have pre-existing, substantive relationships with a number of the Fund’s investors and engaged in a general solicitation of public interest in the offering through Fund's website and traditional media interviews."

Today the SEC came out with this as part of their complaint against a defendant selling private securities: "Respondents did not have pre-existing, substantive relationships with a number of the Fund’s investors and engaged in a general solicitation of public interest in the offering through Fund's website and traditional media interviews."

Some exemptions permit the general solicitation of investors, some require a substantive pre-existing relationship.

@Scott Mac I called them before I called the contractor , they assessed it as not being covered because it was “structural” and also preexisting (switch homeowners insurance last year in order to bundle and save)

Also, having pre-existing tenants may be a good or a bad thing, especially the one that recently signed the lease.