Actually, it would still be a comp if similar in size and bedrooms and baths and style.

And some sellers will put in deed restrictions that limit your ability to re-sell the house for some period of time.Better to get out there and beat the bush for private sellers.

I look forward to the feedback.NOTE: I realize that private money is typically just that -- private -- but it seems like there is something amiss here....

I assume you are looking to buy property to rent (versus private lending or flipping).

Erin Dumonski,I plan on being at the next CTreia meeting, on Monday, October 15, 2012I always wear Eyeglasses, a Baseball style hat, Jeans, and a Sweatshirt.See you then,Raymond

The home is : -Ranch Style -1786 sqft -Year: 1978 -3b/2bth -Has ARV of $90,000 -Rents fron $1,025-$1,200 Nice area in Northwest Houston, TXYour suggestions are appreciated.

There are a lot of MLS style sites out there, but some are better or worse for different areas.

I'm looking at MLS listings, because I'm not finding private motivated sellers in my neck of the woods.

It may just give you some investment ideas.http://www.bloomberg.com/news/2012-01-31/foreclosures-draw-private-equity-as-u-s-selling-200-000-homes-mortgages.Single-family real estate investment trusts (REITs) are springing up in response to the rise in availability of distressed properties.

I use a private lender which gives me his bank statement as well as a letter saying he will finance me for the amount (POF).