Thanks Josh for your input I do make enough money but I just went through a short sale so this is a way I'm trying to purchase one and then I was going to refinance like  William suggested

Based on what you said there is no money in this property whatsoever.You take 105 and add in arrears, legal fees, and all other kind of stuff a lender tacks on and then add on repairs the property needs there is no money.Might could do a short sale on it.

If you discovered something, bring it up to the seller and ask for a credit/price reduction. 

Our latest flip was in Riverside, but we are currently working on one property in Long Beach and will begin shortly on another property in Los Angeles.

I have a property in Belleville, NJ that I am acquiring via short sale. 

I Started reading books on real estate investing actually just got fun and it has been growing into something I'm becoming passionate about, I discovered this website about a week ago and it's provided me with tons of knowledge.

First time poster here.I put in an offer on a short sale property with two mortgage companies involved.  

You will want to give them a short run down and your contact info and they will forward it to there people, obviously people that have money don't want to have their info randomly given out.5.

In short, if you went to sell the note the price you get would be lower. 

Short answer, you can't and won't