What made you interested in investing in this type of deal?

As big as you are, you should consider moving the properties into multiple LLCs (my personal rule is no more than $1M in single familys in one LLC, but this may need to be higher in your area). 

I have been trying to make sure I catch up on all the old threads and look like I missed this one.

the ONLY true way to reserve for sub to melt down is to have the money in the bank to pay off the offending mortgage full stop any thought of trying to refi etc is just wishful thinking sellers credit will get hammered while you go through the process.

Do you consider worst case scenario and base your potential offer based on this? 

This will add the BP pocket logo to your desktop and it looks just like an app.

Quote from @Srini Rajamani: @Jared Smith  At this point, I feel I'd like to explore other business ideas I have (including real estate) before going back to tech. 

However, I'm finding the available comps to be quite sparse, and the spread is larger than expected, making it challenging to pinpoint a likely value for these lots.I'd greatly appreciate any insights or local knowledge about this market.

what type of underwriting did you do on this deal?

we ran into this recently.