can anyone explain to me the complete process for a short sale so I can better grasp the concept?

I really have a hard time understanding why people think they can be in the real estate business and not have a grasp of basic contract law, simple bookkeeping and other business functions.

At the moment,I could care less about making millions,all I care about is making my first several 10k's,it's like I'm relying on life support.For like several months,I've been studying book after book,trying to put a deal together,and when one deal is like in my grasp then it slips away.We end up meeting,they tell they want to think about it,then end up not calling me afterwards.

I have been racking my brain about these questions and still cannot grasp things....For instance:1.

Those that have a good grasp of it usually tend to do well.

(Not looking for multi-unit due to rent control).Does anyone have a good grasp on which areas are gentrifying, and typical CAP rates there.

I guess the newsflash has yet to hit them.Honestly, it feels like late 2007 into 2008 when sellers were grasping onto 2006 comps with no foresight.

I have requirements as well, must have a decent job or ability to at least have some skin and costs, must begin with the basics of RE, not guru strategies, demonstrate the ability to grasp conceptual ideas as well as technical matters and lastly, must have an ethical attitude.

Am I grasping at straws, or is this not even a good deal?

It sounds like you don't have a clear grasp on the exit strategies.