& to tell you the truth I was wondering what kind of a response I would get from that post.Hence I spent some time considering what I said over the holiday.In my personal opinion in this day & age with so much of our economy based on emerging technologies & securities.

to get maximum exposure to the market.Also, the pricing of the short sale will be fixed by the bank in a Broker's Price Opinion (BPO) according to the comparables, so no matter what price your homeowner agrees to, it has no standing when the bank names their price for the house.I only way I can see you making money on this is if you either refer it for a fee to a short sale specialist in your area (please check to see what the referral laws are in your state) OR buy the house yourself if the BPO comes in at a good price.

For property comparison and pricing purposes a cap rate is a much better tool in my opinion.

Safer and more profitable.What your opinions on this strategy?

In some of your opinions does that seem high.

Jason, Definitely a question for a RE lawyer, in my opinion.

I know that there is a difference of opinion about using money from profitable holdings to carry another not so great initial deal.

This was just my opinion and I would never recommend defrauding anyone but that is how I would see it.

Incidentally, the current property manager employed by the current owner has agreed to stay on, so at least there's continuity...Opinions anyone?

YOur best advice on how to structure this is from your attorney, not from the opinions of others on an open forum, myself included.Good luck to you.By the way, grouping funds from a few individuals to create a larger purchasing power is a great startegy when used legally and properly, such as with an LLC and O agreement.