the list is fantastic (still learning how to use it though lol!!)

Maybe a 70/30 deal... maybe. 12% and no points for two years is a fantastic rate from the HML.

assuming you get 4 deals like that your only going to be hopefully netting 1600 a month, decent on a yearly basis i guess for a return on capital but not too fantastic as a source of income to live off of entirely

Retail buyers see a disparity and they just assume it's "over priced" so the correction was fantastic for us. 

@Jason UtleyBe sure to try a search here on BP as there has been many a fantastic thread about the processes of buying REO's, including what to offer depending upon how long it has been listed.  

What a fantastic town and area.

Plus @Cheryl Packham's fantastic checklist.

Absolutely fantastic returns, Ryland!

Fantastic I will have my partner in the Area give you a call tomorrow.

I think your best bet is finding out who "needs" to sell versus who "wants" to sell, and not wasting your time on the sellers who are only kicking at tires.