ARV lending and other sources of private money are the last frontiers for 100% financing, expect for these sources to take on more relevance as the subprime, high LTV/low doc, investor financing sectors continue to evaporate.

I do well, but it is cyclical and I would like to diversify my source of income.

HelloThere also data sources that you can get that give you recent sales.Propertyshark.com (15 free reports daily) and Realquest.com(I like this one) The both carry fees, but the information they give is worth it and cuts down my comp search time considerably.

Great advice from the other poster and I would add:- Get comps from more then one source: Most rely on the free sources only (realtors and sites like Zillow.com); consider purchasing a AVM for another point of reference

Printed Media: The second largest source of information that homebuyers act on are the ads they see printed in newpapers, real estate publications, etc.

Here were some variables:the owner that lost the house owed 237K..plus late payements fees etc up to 247Kshe had the house listed for 6 months at 255K with no bites..her biggest bite was me and that was offering 220 and doing a short sell. we were in that process but ran out of time.

That's why I am here communicating with other fellow investors to broaden my knowledge so that I won't depend soley on the information from the program I purchased.....see....I would never trust only one source; it's just not my style.I appreciate your comment!

In my meeting with the REO agent he did ask me some questions that were designed to see if I was a serious, capable buyer and I believe I had the right answers.My main source for private financing won't be available for 4-5 weeks.

I have my regrets though at this point I may as well see what comes of it.However, it can be a source of income ONCE you get going.

The biggest question I had this home is a buy and hold and does not offer anything to increase value such as adding on / knocking down walls etc.