The cost of court, lawyers, etc. not to mention public perception.

In most counties and Cook is an extreme example of this, auctions are dominated by very deep pocketed, very sophisticated investors.

What is your "Good-Deal" perception?

Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.

Most of the greed comes from poor people and their perception of wealth.

And these are typical homeowners, not sophisticated investors.

This is a technique which is used commonly by sophisticated investors, but threshold for action is very specific.

Quite sophisticated stuff - good for you Fred!

Jack Bobeck, if you are going to borrow money from a "private lender" who, for purposes of this conversation can be assumed to be less financially sophisticated than a bank, I feel you should be willing to stand behind your signature.

There is the cash flow and the FMV is rather irrelevant except as to getting out of the deal.I'd also say we may have a sophisticated investor as a seller, they may not be.