It’s evident that you’ll still need to invest into yourself, your knowledge base and real estate education before you or your friends and family can feel confident to invest in you and real estate.

There was no evidence of the cats living in the house.

FALSE EVIDENCE APPEARING REAL !!! 

If they're just not paying because they think the property isn't worth the price they agreed to, not so much.2-The price the bank will accept in a short sale depends almost entirely on what evidence can be provided to show that the house is worth what you say it is.

Seemed to me the hard part, and the real learning experience came after they got their license.Equitable interests can be established from either of those areas, legally, the interest must be measurable in dollars, ascertainable by evidence, you need to show a financial interest in or to title.Money down establishes a financial interest, so will a tenant or someone paying for repairs or providing labor.

Evidently CA is hard to find deals in so people might really bid the place up. 

So, I can't offer much but anecdotal evidence, but losing that deal sucked.

Active: 0 Pending: 2550 Sold: 0 Other: 0 Total: 2550 Bedrooms Bathrooms Square Feet List Price Selling Price DOM/CDOM Minimum 1 1.00 430 $4,500 0/0 Average 3 2.15 1,681 $121,775 $0 74/100 Median 3 2.00 1,580 $80,040 $0 25/31 Maximum 6 6.00 6,749 $2,300,000 $0 1294/1294 Want PROOF that a nightmare can continue beyond sanity's evidence?

BUT IF YOU INSIST on owning the place you lived in for quite a while which could be done in a profitable way it will cost you a lot of headaches... and whatever you do try to talk you landlord into letting you and your family stay a little longer while the agent tries to get the 700k and if he gets 6 or 650 he is lucky and your screwed but i doubt he will sell it above 500 and if you buy it for 500 maybe he can cary a note and make a deal with you to get approved easier for 300k and he can have cash now pay off his loan and still have monthly income from the property that he won't own anymore....It may be a way to convince him into cutting the price and selling to you...GOOD LUCK and don't rush into it i know some crazy sales are happening in bay ridge for whatever reason but when i see a bunch of 2 families sold for 3-400kish and than one or 2 show to be sold for 1.2 million plus it could be a talented investor or just evidence of money laundering although thats nearly impossible to prove... i think i actually heard something about that on NPR  :)

Can you provide any proof or empirical evidence to support these statements?