Tim C.Silver Bay's Investor Presentation is certainly an interesting read, thank you for posting it.Silver Bay will be a fascinating case study to determine if the single family rental business model can be profitable on a massive nationwide scale.

We also started buying again in 2008, although on a much smaller scale.

If you're structuring deals of this nature, or even on smaller scale but have a good return, I'd love to read your stories and find out the steps you've taken throughout your investing career to master the art of short sales.

Once you start to scale up and create real equity, you'll need to have a good attorney and accountant in your team.

Seems like an area that we could drill down in and get some real nuggets to leverage assets.Where would CF be on a scale of difficulty?

On the scale of possibilities, its in the middle.

Manufactured about 9 months ago, the house had been vacant for over a year.

They will need to have economies to scale and boots on the ground.

are you both using the same temperature scale?

I hear from those attending that this has driven average returns on tax liens to 6-9%, but that's for financial institutions with scale that can hire cheap labor to visit every site (which is a must to ensure the property is in good shape), go to the local assessor's office and look up all the liens, hold onto the lien for several years, administer the ongoing payments and any foreclosure proceedings, and run pretty sophisticated spreadsheets that estimate whether you're going to get 6% or 8% return, based on economic forecasts, etc.