I think banks, almost all banks, have federal guidelines they must follow to participate in government sponsored programs e.g. fannie mae, freddy mac, FDIC Insurance, as well as a plethora of other government sponsored banking platforms.I'm not a banker, so maybe they can apply for a Mulligan, but it just seems odd in todays highly regulated environment that a bank would be able to walk away from a collectable mortgage, even if the cost of foreclosing was greater than the cost of walking away.

,Mike,I think we're in a similar environment here in Denver, it's made things tough.  

wow that's looks incredible.

I stumbled upon my first flip property right off the bat, an incredible stroke of luck given the total lack of inventory and immense competition in this area.What acquisition strategies actually work in the Seattle and neighboring areas?

It sounds downright incredible Kevin!  

However, unless you are in 110 degree environment.

Philadelphia is a great market since it has the urban environment that millennials are looking for without the high property prices of New York City or DC.  

Austin is an incredibly difficult market for  flips, because of everything he said.

It is an incredible way to learn the industry and your local market while networking with other folks in the industry.  

Bigger Pockets has been an incredible resource - I'm looking forward to learning more from our seasoned professionals and network.Cheers,Audrey