It shows you know how to buy honest, solid investments and that you aren't too desperate to offer obscene rates on risky ventures.

But if I've never done it before, I rather bring someone in so I don't get myself into trouble and then be in a desperate situation trying to find someone to me out. 

I said I would walk away from this property, but the landlord is really desperate to get rid of it, so I had another look around with my potential partner.

thanks alot .. im gonna put this deal in my back pocket and forward it to a "experienced broker/agent" also i think i got it as far as targeting ... because if you respond to a sign saying "we buy houses" or respond to a post card in the mail "absentee owner" you've got to be desperate .also thank you guys for your help . i truly appreciate it .

Submit your offer to the Trustee and see what happens, but I think that the chances of success are low unless the bank is really desperate to get rid of this house.

I wouldn't, as a seller, do a subject to unless I was really desperate and didn't care about my credit.

Definitely do not be desperate to do a deal.By the way, when you say "comps" are 150K, what do you mean?

I still have my license and I am really glad I stuck with it as it is now a part time gig and brings in around $30k a year however it has not helped with my investment portfolio.When Im looking for a deal I normally look at craigslist, commissioners sales, desperate FSBO's none of which fall under the MLS.If I could go back I would focus more on quick flips and wholesale deals and less on long term holds.

My friend is neither motivated nor desperate, but I can't shake the feeling that this is a deal worth pursuing.What would you folks do in my situation?

I really feel like I can do this I don't know if this is out  of desperation  or what. now for the real I have decided to pay all bills and to fix our credit and wait for the real estate  investing  I will still participate  in BP in gaining more knowledge While I get my  financials in order.I thank everyone  who has given  advice.if anyone  in the vegas area wants to work with me on investing please do not hesitate  to contact me.