Using a traditional attorney, unless they specialize in short sales, is likely a waste of your hard earned $$.

I started asking questions about the grading on the back side of the buildings, areas only accessible on foot and the mud was a little over ankle deep.

Hi Arthur Garcia,I see you are a buy and hold guy, and I coach Lease Option Assignments, so I will give it a go.You can get an option to buy on-Sub 2Wrap AITDLease OptionContract for Deedor a Classic Wholesale Option to PurchaseIf you are trying to 1. help a seller sell on terms, instead of a traditional cash sale with an agent, 2. enter into the deal as a principal, 3. cloud the title with a memorandum of option, then 4.

I can sell it.I have the cash reserves myself to lend, as well as know both individuals who want to fund real estate investors, and customers.I've talked to hard money lenders in depth before and understand the traditional model.

Once it is stabalized and value is added you may qualify for traditional lending.  2.

It does not look like a good deal to wholesale - here's why:Average ARV is $440,00070% of that is $308,000subtract the average $8,000 needed in for kitchen repairs and the number is $300,000This tells me you'll have to buy the house for around $300,000 if you wanted to wholesale it the traditional way.Since the $300,000 is a lot less than the $395,000 it's listed for you're probably gonna have a hard time bringing down the price by around 25%

It sounds like your parents went the traditional route of investing.

Your income and cash on hand will be your most limiting factors with traditional or portfolio loans.  

It varies from state to state, but in my experience it must have a traditional closet to be considered a bedroom

Most likely cheaper to convert office space rather than rebuilding .At the same time there is the trend of less people working in traditional offices .