Originally posted by @Scott Mac:How many advanced notices of the $8.41 delinquency did he get and just failed to act on them for whatever reason though.This makes it seem like he made an error in filling out his check and they seized the property the next day.The article doesn't say, but it is extreme to take someone's home for $8.41 nonetheless and they could at least give him anything above and beyond what he owed.

My market (Savannah, GA) seems to be extremely competitive and active with all sorts of investors, which could be good or bad since you can piggyback off of previous mailings from other people marketing.Let me know what you think, thanks in advance for any input!

I can tell you that even with two degrees in accounting and CPA, grasping tax concepts without having experience is extremely hard, at least for me.  

It's extremely important.

In everyone's (not just mine) experience who does these kinds of deals, it is extremely unlikely that you will ever get a single loan called.

Your explanation was extremely helpful.  

Outside of legal ramifications and moral argument let's look at what the two business plans can do for the person attempting to earn their living performing them.In order for a wholesaler to earn a paycheck they must:Meet an extremely motivated seller and place the property under contract at a price so far under market that they can sell it investors who will capitalize on any deal that is under market value.

Since I don't have an extremely large portfolio yet, I am thinking of a part time assistant/property manager to serve as the primary point of contact for tenants, prospective tenants, venders & contractors..

Tenant selection is extremely important when investing.

They communicate consistently (in fact i have my own personal customer service rep), the owner is extremely knowledgeable about economics and investing and the company is a fun group to work with.