Once I see which ones compare by physical characteristics, I then try to find them on the MLS to get detailed information.Good Luck!

Unfortunately for me I'm murky on the details.

I wont go into a ton of details, because no one wants to read a novel here, but if you would like to contact me directly, I will walk you through it.

Pam - If this home that you intend to rent will not cash flow, it will not be worthwhile to keep as a rental.

Tell you what shoot me an e-mail and we can discuss in further detail.

stuff like that happens all the time - bottom line is you don't know the details and by that deal not happening, you probably saved yourself a lot of money.

There are tons of things you need to do to investigate a property (maybe I should write a detailed piece about it - hmmmmm): investigate liens, encumbrances, zoning, HOA . . . if you're trying to rent it out: tenant law, market rents, general landlord knowledge . . . if you're rehabbing: covenants on working, comps . . .

Either way, this is great news for short-sale investors, because it makes it very worthwhile for a bank or lender to listen to your offer.

BTI should have included more details in my first question.

ianternet, Give us some more details on your short and long term goals.