Generally, a short seller can not walk away with any money, other than what the bank might pay as an incentive (which would be a line item on the HUD, not a net payment from the sale at the bottom of the HUD).

Most have no idea what cost to expense or might become part of a property's basis at the time of purchase (items like loan related costs can not be expensed in the current year but also do not become part of the basis.

They will not accept funds from an unknown third party unless you a have paper trail from the items I noted above.

While you may not want to do traditional real estate sales, it's nice to have the option as a way to make some cash while you're building your business.

While we’re on the topic of FirstLookQuestion regarding Freddie Mac/Mae or traditional BrokeragesWho would you work for in this economy as real estate agent ?

There is nothing wrong with taking the more traditional path with more easily predictable, if mediocre, results.

It also means that when I come back I can optimize my time on the site by not checking threads I already know I have no interest in.A final item is the ability to ignore individuals and anything they post.

Folks stealing for the copper or tenants leaving with an extra item in their stuff.He has had problems before with copper being stripped in places he was buying (REOs).

I have rented before and I can not wait to leave if some item is a regular annoyance.

Check the state regulations concerning HOAs.I know that in one state where I purchased a new condo there is a law (about 5 years old now) that requires there to be a reserve fund set up and the costs of all items to be estimated over their effective life.