It's a little harder to cashflow here in San Diego, but it's possible with the right team in place!

I'd get better people on my team.

banks are only owed what their note calls for any bid up at auction above what the bank is owed goes to the next Lien on title or if no other liens it goes to the owner of the house who lost it.

Best approach is to have your "team" set, before going out to secure properties. 

If you ever have any questions feel free to reach out I enjoy helping BP member's avoid lost time or money.  

There is fine line between the two depending on the structure and source of the capital.My preferred equity partners do quite a bit of due diligence on the sponsor as they are essentially teaming up with them to do this deal.  

In that case I write off the lost rent as cost of doing business, but I prefer that to the expense and hassle of an eviction, which typically ends up costing us more and takes longer, even though Milwaukee is still pretty landlord-friendly.I have also done cash for keys, but typically very conditional. 

I lost one once that projected great return because i requested an estoppel before accepting the offer.  

I would not envy investors who participate in this vehicle when the team has not track record of success with it. 

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.