Chelsey, found the sound of it (correct me if I am wrong) you have encountered subterranean termites and the wood underneath must have been touching soil at some point for these termites to infest the wood.Sounds like this can in fact be treated and resolved underneath without doing any work in the interior.

What is the most annoying, time wasting, costly headache or issue you encounter in your day to day business as a private lender?

Most of the homes I encounter here through REO or wholesale and don't have the utilities.

Impossible , imo to guess roi without knowing what you are encountering.

Fannie Mae, page 82 of their latest 10-Q says "...foreclosure levels were lower than what they otherwise would have been during the first nine months of 2011 due to delays in the processing of foreclosures caused by continuing foreclosure process issues encountered by our servicers, changes in state foreclosure laws, and new court rules and proceedings.

I find that small inexpensive properties that rent for $550 to $650 per month are mane able for the majority of the renters I have encountered in this area.

Hey BP,I'm encountering a lot of leads who have high equity in their homes but the current value is a lot lower than what they purchased it for, so they are reluctant to sell at a price that works for me (60-75% minus repairs of market value).My question is, is there a strategy out there to try to convert these leads to a deal or is this just the way of the land and a deal will come when proper motivation is present?

The main problem you will encounter in this type of scenario is that the tenants probably are used to living without the usual structures in place.

I'm also hoping someone will comment on this potential deal and see what people before me have encountered or done.

For anyone who's used these services, have you even encountered a buyer or seller who couldn't or didn't want to use them?