Maybe he beat somebody down on the price because of the cosmetic challenges and they were stupid enough to sell or maybe they were desperate and he took advantage of them. 

The front of the house faces the future development.

I'd want someone easy to work with, who pays on time, and who has a track record demonstrating ability, along with a few references.For that last point- I had a 10 unit deal that practically hit me in the face about 5 years ago.

The challenge with such a low rent is, that even taking 10% of rents for maintenance & capex, you can still find yourself under water. 

Send an ultimatum like that when faced with mistakes he had made?

With historically high rates of default on home mortgages lenders are facing many more foreclosures than they have in the past.

I think with the market the way it is, and it seems to be nation wide, I want to move more into helping people that are facing foreclosures on their homes.

So here's my question to you -What is your biggest stumbling block(s) and challenge that you're coming across when breaking into the "Real Estate Investing World"?

Well most of the things you are looking for in a person that would sign over the deed without you paying off their loan would be found with people facing foreclosures.

They also told me that Trada has lost everything and they are trying to do as much as possible with no employees.They also told me that one of the big challenges at Forest Creek is that many of the investors that had contracts can't buy now because of the loans being harder to get.