You need to find the following players on your team right now: *Attorney Preferably one who does real estate deals for himself as well as others.

That said, there are some lenders that will shy away from providing funds to a buyer who is participating in a double or simultaneous closing (they are concerned about both fraud and chain-of-title issues), so you could run into that as well.My best suggestion is to find lenders who will support your purchase and sale strategy and "encourage" your buyers to use your preferred lenders to finance their deals.

The houses that are staged look cheap so taste has alot to do with it.

If you could make $1000 a month, or loose $100 a month, which would you prefer?

Just my personal preference.

I'm not necessarily judging anyone, it's just that if I'm going to be involved in anything "risky", I'd prefer being involved from the beginning.

What's your preference?

I would prefer to give everything back to the lenders, ruin my credit, live in a tent and ride a bike, rather than cause my dad to loose his business over a poor financial decision I made.

If you prefer not to do that, you could order a "drive by" appraisal from a local appraiser.Ultimately it's all up to the bank to accept or deny the offer.

Forgot to also Mention although I prefer to unload my REO's via bulk sale for less money, I have no problem getting rid of them individually however I would probably look for a larger spread.