I guess it's cause everyone one biggerpockets is just a teacher one way or another, and no matter how you look at it you just might be able to help out the person next to you with what you know!

If this was the case why wouldn't they put this home on the market and at least make some money...even if they had to sell at a bit of a loss.I guess in short my question would be where do I go to find out more about the house?

My guess (and my realtor sort of confirmed this) is that the market is whacked out due to the after effects of Hurricane Katrina.

I'm guessing someone is doing on-site management, and part of the deal is that you'll pay them.If you think $600 is a good value for rent, use that over any value the people trying to sell these are telling you.

thank you both for your wise words, well anyway i guess i'm just so anxious to do my first deal. especially a deal like this were the homeowner is in distress and states to you how much equity is in the property (i know i'm a beginner, but i don't see how he'll benefit by lieing to me about the amount of equity in the property, because he already stated he doesn't want to sell the property, and i already stated to him i'm gonna view the property/mortgage paperwork)well anyway i must say i agree with you both, from first look it seems the best way to do this deal (thats if all the number are right) will be to purchase the house for the amount left on the mortgage, and give them moving cash and etc (this way i'll have alot of instant equity within the property, which i could either wholesale to another investor or put it on the market at a small discount and sell it retail because of the properties perfect condition, then i could even try a short sale to build up more equity to make the two above tactics more profitable for me)now the only tactic i can think of that would work, were they will get to stay in there house and will be profitable/beneficial to me as well is to then purchase the property real cheap (whats owed on it) and offer to lease option it back to them at a higher interest rate and at a higher property price, but i think this tactic will be risky with this individual because of his credit and the nature of work he's in (construction were some parts of the year your without work and tring to collect unemployment) so this is what i plan on doing, i first plan on putting together a list of questions i must get answers to at the tuesdays meeting i plan on having with them, then i plan on explaining the whole foreclosure process to them and the uphill battle they face (which i hope will change their position about not wanting to sell their house under any cumstances), then i plan on making a smooth exit and letting them know i'll be back in contact with them to let them know what i think their best solution is to solve their problem (this tactice is to buy time, so i can really cruch the numbers and speak with others to really figure out the best win-win for everyone, thats if their is a deal their)if anyone has any other suggestions please let me know

I guess the corruption in Mexico is pretty common knowledge and that seems to set a tone.

Landscape is just pavement (odd, the owner paved over loads of dirt, I guess to avoid yardwork, as a landlord I see this as a good thing).

I guess i got over it as i got older and learned that most people are too self-absorbed to either notice or care who i am or what Im about.

I guess I am just gonna have to get in the game.

Best advice at this stage would be to read, read and read some more.Here, the net, the library, the bookstore etc.Good Luck,JasonHahaha, I guess not.