I also believe there is a small co-op in La Jolla but only infrequent sales so not good for estimating a discount.

But Mendenhall told Woods that the company has had to retool its approach to acquisitions since then in response to pandemic-era freezes on sheriff’s sales.

Here's the problem: They are not a sustainable asset for most to own; they are difficult and costly assets to exit through a sale; if you achieve favorable refinances, you may be able to use those funds to buy other (hopefully better assets) but are now faced with operating highly leveraged bad assets. 

.- Personal: I work in tech, and Tom works at a VC Fund.

This is why people are getting pissed with cold callers and your seeing very poor response/appointment/sales rates with PS data.This is what Joel Bongco has stated alsoIts absolutely true and I can go further and quantify exactly how bad the data is using my own study comparing PS to county records.I compared PS preforeclosure leads to county records across 167 counties in Texas (67), Florida (50) and California (45) by running searches for both PS ad the County recorders datbase for the period 08/01/2024 - -09/30/2024 and found thatFor TX which i measure preforeclosure leads as all lis pendens, appoinment of substititute trustee (Not a NoD but used for a similar indication) and notice of trustee filings.

At the current cost to build estimate $150/sqft, It appears a 1500-1700 sqft new construction will need to sale for around 399,9k to make a decent profit.

Most purposes that people on the BP forums are transferring properties to an LLC, would be exempt of the Due On Sale Clause. 

Since I'm taking such a cash hit, I asked the sellers agent if they would be able to designate some portion of the sale price ($200k?)

You should estimate th property value using recent sales data.

Purchase price: $20,000 Cash invested: $45,000 Sale price: $99,000 Contributors: Peter Vekselman Partner Driven and Amanda Frecks teamed up for an exciting flip on Main St, Grainfield, KS.