But there don't seem to be any volunteers.Please keep us posted about what you discover.

They can discover in their own by inspecting the house.And in terms of being %15 above list, what about putting in an offer at average comp of 330k, and maybe get some money from them somehow for the cleaning costs and repainting?

If you're inexperienced, figure 55% and add a chunk for "up front" repairs you "discover".

There are no probate records for the deceased, and I recently discovered that the county is selling a tax certificate for the unpaid taxes (about 10% of the second notes unpaid balance).

I think the critical component is the response time.

You can certainly have a written agreement addressing referral fees, either way your agreement to pay a referral needs to be made before the referral is made or before that prospect is discovered.

I discovered BiggerPockets a few different ways but primarily through their podcast.I'm a former college athlete, married to an amazing wife and truly blessed more than I deserve to be :-).I currently work in medical devices (Trauma consulting).My wife and I have had success in direct sales and experienced, and still do experience, the power of residual/passive income and are addicted to growing our assets column while we are younger and pre kiddos.

The hopes was the buyer would fix up the house and stay there because its cheaper than rent and they can pilfer components from the houses right there on their block...default rate is right at 90% within 3 years.

. , erentpayment did exactly what you described with the rent as if it were a check...they deposited the tenant's ACH payment into my account after 5 days, it cleared through my bank, and then they discovered the insufficient fund issue.

Wall-to-wall carpeting is an integral component of the property and depreciated on the same 27.5 year schedule as the dwelling structure just as you would depreciate a new roof, a new water heater, or a new HVAC system.