I see the "may be more trouble than it's worth" side for sure...I think I am influenced by some of the "flipping inventory is almost nil in SoCal" warnings so I worry that the "greener pastures" have dried up here already.

In my target areas, very little inventory makes it into the Extended phase, even though HUD has reduced the OO period down to 15 days.

We walked every unit, documented inventory, conducted a lease audit and reviewed other documentation. .

I was thinking of looking at their inventory, but figured I'd check with y'all before I put to much time into it.Cyrus

So far today we did a walk-through and I got an inventory of what needs to be done to make it a decent rental.

So, I document the heck out of what I find by creating a written inventory, video of each room, and relocate everything of any value to off site self storage or a PODS.

Mike, If you are just buying the real estate, and not any inventory, you can just use a standard real estate agreement.

If that interests you, I'm happy to share our inventory list with you, or if you have your own cash and would like to acquire through the TS venue but don't know how, we can set that up for you as well.Either way... good luck!

Has anyone bought any inventory from these folks?

I think it's the best on the web.IMO, you are using the wrong financing vehicle if they have only one per cent down, unless they provide other collateral, that is a bad loan to start with and will not be viewed well in court if you have to go there.No skin in the game usually dicatates and option being financed along with a lease to provide possession.I would also say that you never finance inventory, small machinery, furniture and fixtures and disposables (inexpensive stuff) unless the seller wants to just dump it.