I am a wholesaler in Miami area,   if you are planing to do the same you need to have the right to sale it, I will use a legal approved contract,  you can ask a Realtor to help you with the offer, ask for 0 days for inspection, better with business days,  on that period you will have the time to sale it

In addition to this, I have been keeping a keen eye on the Sheriff Sales in my area.  

Obviously, this is all about what I can negotiate though I'm looking for a fair starting point... and also trying to be mindful that I should take care of the investor.I'd either need $260k to buy the property subject-to (but risk the bank calling due-on-sale) or I'd need $757k to buy it outright.  

The value of the property is anywhere from $85,000 to $93,000 (based on other sales in the neighborhood) over the past year.  

In the simplest of terms, "Barney" style if you will, can someone tell me how to go about doing a For Sale By Owner route??

Namely, the person who is being foreclosed on gave up ownership of the house several years ago via quitclaim to another person that does not appear to be a family member.I'm assuming this triggered the due on sale clause for the bank, even though that took years to actually occur.

For example if I wanted to find a house for purchase that fit into the category of X amount of square feet and Y number of bedrooms and Z number of bathrooms based on the homes that had the highest number of sales and\or shortest sales cycle over the last couple years, where might be a good source for info like this?

@John Semanchuk@Troy Gandee What about a land contract instead of straight sale?

I am interested in any whole sale homes you may have in the area.

Sale price of 270 minus 10% for fees and real estate agent leaves us with 243k. 243k- 240k =3k.