Leave yourself a safety net.

Im not sure what safety procautions are in leases to help cover us on this.

Tony,Exit value = ARV; so yes, you were correct.Look harder and be more patient.

There was a bit of a safety net knowing that I was above the price the last investor gave them, but it's still progress.I'm up to 14 calls on 229 mailings, or about 6% response rate.

It's in reasonably decent shape but it does have aluminum wiring, which I would need to have replaced for insurance (and safety) reasons if I bought it.

Five Points has a reputation of being a rough neighborhood; hopefully others will chime in as to the level of safety.

We just have to work harder and be patient.

Any serious safety concerns?

I've been patiently waiting in the tall grass, ready to pounce if/when an opportunity for me to bust down the doors to the real estate fraternity. :-)I hope/think it has made an appearance…I'm a quadriplegic & in kind of cash flow is greatly needed and appreciated… Before my accident 13 years ago…My daughter had a favorite babysitter, at the time… The babysitter was 15 years old.Now she is all grown up & has a few kids of her own, nice guy for a husband and they are looking to buy their first home.This is what I'm hoping to get involved and help everybody out.They had made an offer on a short sale, but… The process was too slow & their loan had expired before they could even use it.I've been all over the Internet for the last 2-4 years just being a sponge, trying to sift through as much BS as I could.I was able to find a title company that would out right purchase a piece of property for me (willing to put the piece of property under my name/company name), as long as I had a buyer ready to purchase right away.What I would like to, is to do seller financing/creating a note & let it season for a few months, then turn around and sell that note…I don't think I'll actually be making a lot of money from this, but… Maybe making just enough to make a down payment for my next piece of property & throwing the snowball down the hill from there…Their credit scores must be pretty good, they had already prequalified for a loan… The short sale process just too long.I was wondering if there were any "templates" for contracts and things of that nature… If someone had a link to where I could purchase or download for free.

Be persistent and patient with REO's.