They want a very conservative approach to this value, so address it upfront or you will be wasting time.

That's gives me incredible freedom that I don't have now.

I've kind of been turned off from foreclosure/auction/sherrif sales due to the long process and the inability to inspect the property etc.Besides getting the "balls" to actually approach people in preforeclosure situations, the main thing holding me back is financing, I simply do not have the money for a downpayment.My plan was to buy properties, hold on to and rent them until the market turns, and then eventually sell, but that may not be the best option at this point.Reading this forum the last few days I've been hearing some new terms:bird dogging - http://www.biggerpockets.com/articles/bird-dogging101rb.htmlwholesaling - http://www.biggerpockets.com/articles/wholesaling-properties-lg.htmlTo be honest, I'm not 100% sure what the main difference is.

I want it bad enough I am ready for a more aggressive approach but I do not want to step on toes.

Also, when I am approaching owners of preforeclosed properties, wouldn't my offer cover their costs to get the property off their hands?

I don't know what you plan to use the MGIB for but I wanted to do the same thing and found this to be the best approach.

A lot of challenges but tremendous opportunity.Here is how I would approach it.

This is a very common approach.

Just Ask.Your approach is fine if there is any equity.

Approach small banks and credit unions and negotiate a master loan commitment for the refinances.