To be exact, $5,000,000 in loan transactions a year.There might be a potential market for a middle man that would allow people that do not $5,000,000 a year to get some of the data.For example, many investors would love to find non performing loans in only one zip code.

I've bought through auction.com for trustee sales in NC, and on some property had no opportunity to perform property inspections or 'complete' due diligence like you would on an MLS listed property.

My goal on this property is to get it back to it's performance and rent it out at FMR (which I don't know... $225-275/room per student)Here are some of the financials - Ask: 520kMonthly gross rent: $5000Property taxes: 7kInsurance: 2.5k (for me)Gas & electric: 3.5kWater: 1.5kRents should be at least $6400/month or $7200 depending, (possibly higher?) 

I give his company a few thousand dollars a month after 4 to 6 months,  he then takes  that money  and uses it to  get a line of credit they also pay 7% on my money I am paying them and then something also about a couple years down the road  they complete some sort of deal that frees up another 20% so in essence I'm getting 10% return on my money a year and I'm getting a huge line of credit that I can use to buy good  performing  real estate.

You can work on the assumption that you can continue to perform at the same level.  

How is it then the banks ever come to have non performing loans on their books ? 

Visit your bank, or another bank and ask about small business classes that touch on "use of funds" management, they can be helpful or point you to a class in your area, generally these are free to attend, check the Chamber of Commerce too.Basic business finance is simply an extension of personal finance, it doesn't have to be complicated. 

If the seller doesn't sign one, the buyer may have to sue to get the seller to perform or to get the earnest money back.  

They need the properties to perform because of the mortgage.

You may go on extension depending on how bad the mess really is.If your tax preparer offers it, take him or her up on a tax appointment in the fall.