I am also going to list the house for about 15k less then comparable houses in the area for sale to try to give me a little edge.

What percentage do all of you experienced investors use as numbers for the following compared to the full loan amount?

I am in a much better place today (although just a small fry compared with most of the posters here).

I'd be interested to hear it's true value based on 1/2 mile radius, last 6 months sales of comparable properties and all that good stuff.

The area can support rents (in a comparable property) of 850-1000$/mo + utils.

Expenses should be minimal compared to residential, though you still have quite a few.

Here you can select the comparable properties you think match your property best.

to get maximum exposure to the market.Also, the pricing of the short sale will be fixed by the bank in a Broker's Price Opinion (BPO) according to the comparables, so no matter what price your homeowner agrees to, it has no standing when the bank names their price for the house.I only way I can see you making money on this is if you either refer it for a fee to a short sale specialist in your area (please check to see what the referral laws are in your state) OR buy the house yourself if the BPO comes in at a good price.

You are comparing apples to oranges.

After the holiday's I will get the numbers together and compare them for you from last year to this year.