Let's count the reasons why.1) They are losing the home they own via a short sale.2) For some reason, though they haven't sold their home yet, they have been renting another house for the past four months. 

The unit you're looking at with those terms doesn't look attractive on any of those counts.

I can tell you from experience that sometimesa commission   can be there difference from a property being a deal (buy and hold) or have to walk away in SD in such a competitive market everything counts. 

The rentals in the area are about $1000/month so if you count the house ONLY it doesn't make sense right now but that's not what they are selling .

So after mortgage ($400), taxes ($122), ins ($40), HOA ($22), the profit is $366 not counting vacancy/repairs.I have analyzed so many deals and looked at around 60 homes in the last 2 months and it seems that in central florida, at least, the good deals are going to cash buyers as my other offers weren't accepted even after offering $10 above asking price.  

Once you've been a landlord for awhile (I think two years, but don't quote me) your bank will start letting you count 75% of your rental income towards your debt to income ratio, which will help even more.

I havent completed a lot of deals as I've focused on building equity in what I have, however have completed many more hours in due diligence than i care to count....HA  Plan on reworking the financing I have in place myself and establishing a LOC so I can increase my purchasing power.I'd think US Bank would definitely be who I'd check first on the HELOC since they hold your mortgage -- you'll probably receive the most favorable terms from them and would probably be easiest to set up -- they do not have any branches in Wichita, however should be something you can do online/over the phone.  

@Mimi J.If the OP is simply serving a notice of termination, there should be not need to go before the court:NOTE: The day of delivery is not counted as part of the notice time.

I believe it was like 1.8oz to low 2s (depends on many pieces of paper, etc.).I got 6.4% response if you count every single expired I sent, whether I went through all 3 steps or not.I got 10% response if you only factor the expireds that got all 3 steps.So, my first step was a postcard letting them know to be on the look out for a home seller's guide. 

…but I feel like every minute counts in minimizing those HML carrying costs, unloading the flip and moving on, especially since the rehab itself took about a month & a half over the initial timeframe (due to no fault of the contractor’s).