If you have completed any amount of short sales you do upfront work first to not waste time.Never take what a seller says at face value.They will tell you anything to try and get help to solve a problem but the issue is they don't know they are hurting instead of helping.The problem with sellers is at first they are motivated to do a short sale.Then as time goes on and credit is ruined and they have moved out they become emotionally detached from the property.The buyer have unrealistic time lines to close for a short sale.You need to know if your market is declining,flat,or appreciating every month.If it's appreciating or flat the benefit is to the buyer.If it is declining the benefit is to the bank because by the time it close it might have lost 5 to 10 percent of value from the contract price.Your bank actually moved pretty quick with the short sale compared to some others.A buyer and a seller need to understand it could take 3 to 6 months or longer to do a short sale.A friend of mine that is another broker in Florida has completed over 800 short sales.He is a master at them.I did residential for a few years but then moved to commercial so I haven't kept up with all the regulatory junk on the residential side.He does all residential and does not take the short sale unless the seller agrees to certain conditions from the beginning.

Since there are no tax advantages to the IRA, you lose a lot of the benefits to owning real estate.

I gave her the benefit of the doubt when she put the $1800 in my account on the Oct 1st, 2011 like she said she would.If the $800 does not come in by the 5th, I am ready to move full force on evicting them and will have a 5 day notice served on the 6th.What risks to do you see if the mother does keep her promise and pay the Nov & Dec rent.

Conventional financing is painful but a long-term benefit so worth it.

If you are looking to hold onto the property long term, you won't benefit much from the accelerated depreciation as you'll blow through the best way to shelter your cashflows.

Favorable money flow, instant equity, and also taxes benefits are generally almost all powerful motivators for Memphis investors.

I prefer to recommend an LLC as it allows corporate benefits, with simplified filing and fewer tax consequences.

Scott, if you have advise for Chelsy, please post it here for everyone's benefit.

What do other seasoned agents do out there to better benefit their investor clients?

In fact, you'll probably benefit from keeping receipts for all expenses, even those for less than $75, because the receipts will remove any doubt.