Here are some of the things that I do for them:Prepare and update budgets and timelinesPrepare or review vendor contractsMake sure W-9s, insurance certificates and lien waivers are receivedAssist with preparation of due diligence itemsOrder surveys, appraisals, inspections etc. and make sure they are received on-time (or sooner)Review and prepare closing documents for signing (after received from the attorney)Coordinate closing with broker, real estate agent, title company, lender, etc.Full charge bookkeeping including A/R, A/P, FinancialsPrepare and submit draw requests to Lender's for payment of contractorsThere are a lot more things I can do for local clients, such as meet contractors to receive bids, check-in on remodel sites, etc.Usually the REI's locate the properties and do comps themselves.

I will simpily advise my client to set the purchase price a little lower than normal to show appreciation for a good tenant.

One thing I counsel clients on daily is the risks of that language in the mortgage which says, if the property is conveyed to another entity or person, they can call the note and foreclose...

We give customer/clients complete disclosures in writing as to what can happen and what we will be doing.

The seller’s agent is obligated to protect the interest of his client not you.

I always refer my clients to Lexington Law Firm they are inexpensive and they get results if you are patient.

and trying to gain as much info as possible.However, I interned once at a relocation company, SIRVA relocation, and every client we had was atleast somewhat motivated, who owned a home needed to have his/her home sold and needed to buy a new home in their new location OR they were looking for a place to rent....Wouldn't it be a good idea to contact either there relocation companies or probably a better person would be the real estate brokers who focus on servicing these clients?

Mikeit is an option thats still on the table. i am not sure how people are in this market about lease options and contracts like that..plus alot of my contacts would be through MLS b/c i have no foundation, help, or contacts of my own so i would also be dealing with "regular" agents who don't quite understand the process and won't be able to give the seller an accurate idea of what the heck is going on. i need to first find out how to have no budget but still find sellers in preforeclosure. i need to find the business/legal papers and subscribe to that although i am sure the other investors have that lead as well. another idea that i saw through Armando Montelongo's book was to contact divorce and insurance lawyers to tell them I am interested in buying their clients homes.

With the market the way it’s been for a while and many people being upside down on properties and waiting until too late to get out.....how is the best way to address a “no deal” situation with a client (such as this one appears)?

He said several of his clients own rental units to 'create' a passive loss...depreciation, etc that gets counted against taxes, while the passive income doesn't get taxed in the same way that regular income does.