We had a pool table in the dining room and the living room was a game room for play station.

I've been calling attorneys and a few of them have said when you do a double close i have to bring cash to the table as well as the end cash buyer.So if the property is 50k and I'm flipping it for 60, I would have to bring 50 to closing and the cash buyer would bring 60 and I would walk away with 60k (including the 50k I brought) Is that correct or should i keep looking for attorneys?

I have looked at them, but the numbers never seem to make more money than with my multi family strategy (buy big space and rough, clean up and rent).But he guys in Hamilton Mountain swear by them.I think its a very good strategy if you just compare with sfh rental or duplexes/ some triplexes.

@Michael Sears I think part of the equation too is what experience are you bringing to the table.  

Sitting across the table from a person and convincing them to leave in two weeks is a skillset not many people can master.

We believe new owners will take over our position and run it themselves.( No Offer on the table yet.

Find yourself another buyer either on your own or offer to co-wholesale it by letting a wholesaler in the area that has a sizeable cashbuyers list bring one of their proven buyers to the closing table. 

Although I can make a great pot of coffee, that is not all I can bring to the table. 

In the pre-foreclosure scenario, I would bring both a realtor and a title rep to the table to close the transaction once the seller agrees to unload their house to me.In the foreclosure-auction scenario...are you suggesting that doing my own title/lien research is ill-advised?

The house is already paid for, so I can just take a personal check to the closing table to cover closing costs.