As Eric said, a short sale is really looked as a favor to the seller and with the seller moving in a direction the lender would deem litigious, any goodwill will be gone.Frankly, the "produce the note" approach is best utilized as a last ditch effort when the seller has exhausted all other remedies.

LLCs can be difficult to manage with many shareholders (and has restrictions), which an s-corp may not be subject to (though s-corps have shareholder restrictions as well).It also may be a state-specific thing, where an LLC is more expensive to start/own/operate than an s-corp or the rule around owning LLCs are troublesome.Just a guess...

This seems much clearer cut than an intended fix/hold that turns into a fix/flip.

There's no way that I would pay a plumber to come out and install it for $750 when I can get the permit, HWT and install in in less than an hour for no more than 350 or 400 all in.

My buyer was finally too exhausted to stay in the game.Regarding broker's expertise, my broker did offer advice along the way which I passed on to the buyer, but again, what else can we do if they don't take your advice?

This actual data is much more valuable than an estimate.

A land contract or contract for deed is an installment financing contract, it carries (or carried) much more water than a lease option as it establishes an ownership interest more so than an equitable interest recognized in many areas.

Lenders will be more interested in your criteria and how those match the market than an actual market survey.My advice: create a pitch book rather than a business plan and start working on building and refining systems.

It's a business more than an investment.

The actual post and optimization of it doesn't take long, but the 12-13 hour shifts starting at 3:30am 6 days leaves me exhausted at the end of the day.