Yeah, I always factor AC/heater, foundations, or roof repairs separate from the rest of the costs, as they completely change the game.

Have some accounting of all the money from government numbers games - lottery, powerball, scratch tickets, etc.

As an out of state investor wanting someone with skin in the game to care about the property, some kind of partnership comes to mind.Know a young guy, who is the son of a friend, who is buying property in a southern area that is conducive to cash flow.Understanding how one person that carries all the burden could feel like they are getting the short end of the deal, I wonder what kind of arrangement would be fair where one lives in the area, finds property and keeps track of it, while the other investor is out of town too busy to be involved.I have more capital and credit than does my young friend so my contribution would lean more towards the capital side but that makes the partnership lopsided.

For anyone that has been in the real estate game awhile you learn over and over again that good connections are important.

OK by me if that becomes the rules of the game.

If I ran a bank, I'd want skin in the game.

Helped a client come up with an investment game plan and make 6 offers on houses this month.

Let's quit the word games and personal attacks.Stop making these accusatory comments at me.It's wasted space.Let's stay on the subject of the topic.You seem like you are frustrated with trying to buy an REO property and trying to direct it at me.It's simple.If you are a cash buyer then show the REO broker you are serious.Show them proof of funds valid within the last 30 days from your bank account.If you are using hard money then that is different from cash and subject to the appraisal and valuation the hard money lender wants.If your boyfriend is a contractor then maybe you can save on a home inspection and do it yourself.The REO brokers loyalty lies with the asset manager and the company they get listings from.Again if you are buying one property the REO broker is usually not going to work hard to get that accepted unless it's at asking or above.The bank is possibly giving 20 or more properties a year to the REO broker.

I don't know anything about the transfer taxes or other games The People's Republic of Kalifornia makes you pay.

You can see the majority of my flipped properties at: http://www.wealth-steps.com/flip-that-house.htmlHowever I found that platform not very user friendly to post pictures or for visitors to leave comments so I am trying Blogger now.