Include a factor for cost overruns and potential damage to the property before you get possession.

We called the company in possession of the loan (OCWEN) and found out that the TOTAL AMOUNT to buy the house (pay off existing mortgage + pending payments) was 77KThat brings us to Purchase price of 77kWe had an ARV of approx 110we ended up putting repair estimate at 20 kThat leaves 13k for profit and holding costs and rookie mistakes (aka not a deal)We passed the lead off to a wholesaler buddy of ours, who papered it up and in turn passed it off to a buddy of HIS who I heard is trying to figure out some seller financing deal with the owner.

Current Balance: 85K...probably worth about 110K...still in my possession. -- Current Payoff Balance: 75K.

He has a grace period to pay up on his mortgage or else the bank will take possession.

My target market is senior military officers, which eliminates some problems and brings some different problems.The previous tenants moved out 16 July, and new tenants took possession 2 August.  

We are trying to figure out how to possess all the properties.

From what I can tell it just seems like you need to disclose which "hats" you possess, along with which one you are wearing at that time.

The lady is not an investor and purchased it for a member of her family who wanted to invest and has since taken it back into her possession.

That gives you possession of the property with the lease and control for buying it with the option.

Possession is 9/10's of the law right?