Regardless of your personal disdain for Realtors, they still have a strong position in the consumer's mind and control a lot of buyers.

It was not a cash transaction and to award a deficiency would be like recognizing the installment sale as a cash transaction.Making repairs to a property during any redepmtion period or leasing the property and depriving the borrower of the opportunity to be made whole can lead to more problems.With current consumer protection laws on their way, I'm sure that this strategy will soon bite the dust.

Looking for deals consumes a fair amount of time, which is your most precious asset, as others have stated.

When dealing with a homeowner you are dealing with a product consumer, when dealing with a commercial property investor you are dealing with a business person.Most commercial owners (or their brokers) will recognize your offer for what it is - a free option for you to try to find a buyer at a higher price, that will only close if you can find the ultimate buyer, with no intention on your part to close on the purchase yourself (and from what you said probably not having the financial means to close yourself anyway).For any seller the strongest offer is an all cash, no financing offer with no contingencies.

It was the best piece of meat I've ever had the pleasure of consuming!

I think Michigan's intent is along consumer protection lines.

I am actively reading sites like this and visiting the library and consuming various real estate investing books.

Fewer pendings, more cancelled escrows, buyers asking for all repairs, more buyer credits, etc. and our hold times as rehabbers are up.

On the whole, there are far fewer landlords than there are home owners, since landlords often own multiple properties.

Why would you expect someone to take their time to educate you on a very sophisticated and time-consuming endeavor without getting compensated for it?