I believe short sales will always be around...as far as beneficial for investors, that's debatable--the banks are trying to lessen their power - and there is nothing to say they couldn't make laws that make it near impossible for investors to get a worthwhile short sale deal.But, that's not the big issue for me.

I also think having someone work with ME in regards to staying legal and 'kosher' with the realtor license would be a major weight off the shoulders.

The point being is that this is an example of banks throwing their weight around for additional protection and reducing risks that they have jistorically accepted in disposing of other collateral, they don't like they fact that so much money is being made from their lack of oversight, management and adminstration, they will accept profits from actual work and improvements being done, but not simply from them being inept.

You can get it amortized over 25 years to lessen your debt service and increase your CCR.One issue you might encounter is getting financing for a deal like this.

That's a $7,000 difference in the level of rehab i can do, and although i might be able to shave some of that off during the project, it's going to lessen the property and ultimately my profits, hence the need to be able to walk away, if my CMA's and my lender's appraisal are not on the same page.Also i'm primarily submitting offers on REO's so adding a financing contingency is not an option.Thanks for the feedback though

At some point investors will have to start looking at the burn rate or offset risk on taking a higher rate to borrow cash...You can always opt to do a rate buy down as well to lessen the hit to the PITI payment and help cash flow.

Perhaps though we can FILTER poor planners (who presumably may be poor tenants) by weighting our ads toward the last 3-4 days and first week of the month to "catch" the "planners" ...

It's important for everyone to report it giving weight to the claim. :)

Wants the income and to lessen the tax burden without the headaches.

Must have been a ton of weight and an old driveway.