But for the former, you made your money on the purchase of the paper; the purchase, repair, and sale of the property did nothing to improve your profit situation; as for the latter, ethical, moral, or legal concerns aside, its a heavy risk believing that the property seller will be so naive, and not seek any financial advice, that he will accept your overpriced paper.This nonsense became very popular when interest rates hit astronomical levels in the late 1970s and early 1980s, as people would buy zero discount bonds due in 30 years for 10c on the dollar and attempt to trade for property.  

In the Chicago-land area they are very popular and they do have competitive prices.  

I suspect that it could take a few months for the more popular counties.  

I'm not sure the popularity of renting simply a room would be for this, but I do have experience renting entire units for corporate rentals and it is very lucrative.

She's right, it's a developing area that still has a ways to go but is very popular with investors right now.

If you have never read his most popular novel, "RICH DAD POOR DAD", I highly recommend you do.

@Wendy Cai, I'm not in the vacation rental space but Gulf Breeze is a popular gateway to the beach.  

Is it a cool trendy and popular part of town?

I am following the advice from popular books on real estate, where I am supposed to ask for the right info before making an offer.

House-hacking is popular, 3.5% down loans are popular, etc. especially here on BiggerPockets.