We've found that HUD estimates tend to be low for repairs especially when considering what kind of quality you really want in the property.You need to factor in any potential CAPEX, maintenance, common area utilities, water & potential reserves (Reserves are really there to cover CAPEX items)

I have heard of people  closing short sales rapidly, however, I think this is not the norm, I think my situation is more common.

you don't want a divorcee,  trust me. it's trial and error.  

No where did I ask for this and more importantly I am being charged for this letter in the summary of charges they provide (25 dollars).Is this common practice?

I have a specific project in mind and would love to find common goals and compare notes if you are interested in this field as well.

do not get carried away, play conservative on your first deal, leave some room for error.3) Find a qualified and experienced contractor, do not settle for cheapest, you want experience here, because their is a significant administrative burden not only paperwork, proper formatting, but also financial constraint on the contractor as these sometimes have $0 prepayment to contractor.

This in common with people who smoke cigarettes.

SUSPICIOUS ACTIVITY REPORTS Suspicious Activity Report, known as a SAR or in common parlance, “Something Ain’t Right” requires a special form at the present time.

Pricing a property below market value is common and a way to generate a lot of interest.

He could stay on title with Joint Tenants or Tenants in Common but the whole future cash flow split thing, I think  is still a bad idea.