Today I'm taking the first step towards becoming a RE agent - meeting with someone in the industry!

While learning the basics of each step of the rehab is very important for dealing with contractors, I'm a big believer in letting professionals do what they are in business to do.

We've had AC, furnace, flooring, roof, etc. issues that would wipe out that amount (and more) at once.I would plan for a healthy reserve fund and consider increasing desired net cash flow, and clarify gross vs net in your assumptions.Good luck with your next steps.

Whenever there is a bargain to be had or profit to be made, investors and businesses should step in, buy up the bargains, offer lower prices in order to gain market share, and effectively make the prices more fair to consumers (in this case, renters).

If you have a truly motivated seller who needs the cash by Monday to dodge the courthouse steps or end the probate burden $150,000 comps don't mean anything.

Stepping out and back into a trust/LLC/Corp to refi is done all the time and usually causes no problems.

Some have acquired private lending after taking time to network and build relationships but these lenders will more likely than not still want to see a proven track record before lending you any money.Just about everything you would like to learn about Real Estate Investing can be found right here on BP.

As far as the Authorization goes I would keep on trying via fax but would go a step further - I would also try emailing & mailing it via register mail (signature requested upon delivery).I would also include a copy of your POA in all the tries mentioned above.

I like this idea because it saves a step and a stamp on your part.

This being my first short sale, I am not sure exactly what this means or what my next step should be, although I am pretty sure that the deal is dead.