That is off hundreds in my areas.

If your interest is in being a real estate mogul and doing hundreds of deals then yes, you are going to have to look at portfolios loans, owner financing, and all of the other methods that are talked about here.

The cabinets and appliances were replaced one year ago with basic "builder grade" units.

Ok, so getting back on topic, since my original post over 3 years ago, I had since went to a seminar put on by these guys and paid the few hundred bucks to see what it was all about.In a nut shell, they are taking what is a simple idea, but a complex transaction filled with risk (that you need to know how to manage) and licensing requirements, packaging it up as an easy, anyone can do it, and selling it off for large profits.The facts are this, it is NOT easy for anyone to do this without violating a number of laws and regulations, it is not easy to manage the risk, and building the relationships they speak of is also not a simple or easy task.

I agree Don Julio silver makes a decent margarita but still prefer the Patron Anejo despite the fact that it's a hundred bucks for a 1.75.

When the seller (each time it was a bank REO) accepted my offer verbally through the agent or asset manager, I would quickly form the trust for a few hundred dollars in cost and during this process, I would shop the deal to my all cash buyers list.

Assuming the cabinets are nice and that these pics aren't making them look better than they are - I would keep the red cabinets and lose the black-and-white floor and trim.  

I feel like the coverage and price can vary hundreds of dollars per year.

Justin-I've bought hundreds of foreclosures "at the courthouse steps" (its actually all online now... not nearly as much fun) over the past 15 years. 

There are hundreds of issues that can effect that property value leaving that partner or lender without sufficient security.