Don’t be afraid to work out deadlines for critical path items and incentivize the deal with the CM.2.If the contractor is more of a carpet, paint, kitchen and bath rehabber then ground up might be a too big of a learning curve to make on your dime.

I've looked into NPN investing a little bit and I'd be interested in finding some local notes where I can work out a deed in lieu/cash for keys agreement with the borrowers....or even just finish the foreclosure.

I have no experience in real estate and would to work out a deal with an experienced investor to mentor while of course getting something out of it for them.

You have little to lose by trying to get the departed owners to work out a short sale IMO.

@Denise Alberto is in your area.. you may be able to work out some ideas for your area.

You find the deal, do the due diligence, and the workout and for little money into it, get a nice profit!

If you do a little marketing for motivated sellers, or even just spend a month or two making calls on Craigslist properties and trying to work out seller finance deals, etc, you can probably find more cash-flow for less money down.

Will sell them this spring as things thaw out.. sometimes if you work with these folks instead of making demands things can work out as some rent is better than a vacancy in low end areas.. a vacant home can get trashed in a heartbeat.I am sure we have all seen the Electric ranged turned to high with the door open and a 30 inch fan in front of it trying to heat the house..

So I tell her to send me the numbers and I will see what we can work out.

I would suggest that you work out of your home as to not incur any unnecessary overhead, acquire your first property(s) and see where it takes you.