Rusty:I just want to caution you that building out new product may be more complex than you think.

From that last poster's website link:"We only sell professional do it yourself pest control products."

I must type slow, Jerry beat me to it....

Also, with short term rates and their borrowing costs near zero, these entities seem to face minimal financial consequences from slowing the process to ease the absorption of the overhang (good for incumbents, I'd think).I know the cheap funding cost is encouraging local banks to hold out more aggressively when selling their REOs.

I feel that connecting with tenants through social media would be counter-productive to maintaining a business relationship.

The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.

You find the real estate product first and then buyers second if you want to execute a subject-to purchase that you sell on terms.

Once you own 10 to 20 properties free and clear then gaining more is easy.My advice, start slow, go easy till you find exact finished cost.

If the offer is accepted great, otherwise we move on to the next property.With the recent passing of AB 284 the number of foreclosure filings has dropped more than 80% therefore the number of new foreclosures coming on the market has slowed drastically.

But I guess its similar to all the other places in our world where productive dialogue needs to be regulated and imposed upon.I requested you to be a colleague, that way we can have unrestricted dialogue.