South Florida is amazing for appreciation but I know in most areas especially Palm Beach, you will see little to no cash flow.

But my expeditor filed it in such a way it didn't trigger fines, so his fees are certainly worth it.

I would be doing this will a local partner, we would buy the distressed property in cash and get a hard loan for the renovations.

So, they may not be as disgruntled as you believe because they may have already cashed in on a small payday from their share of your EMD.

Very worth it!

Is it worth it and is it reputable?

.- Cash flow: Gross earnings are quite high and more importantly, home values continue to rise year over year.

For example, seller may have 4.5% debt and so current NOI is worth more to seller than a new buyer who has to pay 6.5% debt.Seller finance is a great tool too.My only caution is to NOT overpay for a property in exchange for seller finance at an attractive rate.Here is a hypothetical say market cap is 7.0%.New conventional debt is 6.5%.But seller will carry at 5%.With seller finance at 5%: What price does one pay?

A lender would require you to have this done, but if you are paying cash, nobody will force you to protect yourself.Third Party Reports: $17KSurvey $2KTitle Recording and Search $5KAttorney Fees ? 

The upkeep of the maintenance expense will obviously be higher with a pool, but I see it being worth it!