Looked at seven houses today, wrote offers on two, one was a highest and best where they were holding submission for seven days, competing against 12 other offers on that one.Seven offers submitted this week.

And, IMHO find a Motivated seller, not a "player" like the guy in your post.

Gail Layh,I have absolutely no vested interest or professional relationship with any property management concern in Cleveland...That said, Howard Hanna is one of the major players in the NE Ohio real estate market - and they are involved in PM as well.A good one is Paul Blumberg.

It was the deals I brought to the table that gave me a reason to be in contact with other players in my market.  

Banks do not typically sell notes one at a time.Make sure everything you buy or sign is reviewed buy a competent lending attorney.Jeff

Verbal comes down to believability in court and control of emotions and not always who is telling the truth.If this is your first eviction I would employ the services of a competent eviction attorney in the jurisdiction where the property resides.

Most conscientious players do Sub2 only if they have the cash in the bank to cash out the loan should the lender call it due.Now, most people will tell you that as long as you make the payment, the lender will never have a reason to check – they are likely right.

Here in the Tampa Bay area Blackstone Group is in the process of buying $1B in single family homes as rentals so it's been tough to compete with them since they aren't looking for the same cash flow return I am.

My model can't compete with the insurance companies and hedge funds, that may be happy with a 4% cash on cash return.

However, I imagine it is much more difficult to find a deal in commercial RE since the players are a little more saavy.