Hello All -I've run out of ideas on how to pursue the following 'stale' short sale in my neighborhood after hitting numerous dead ends, and thought I would see if any of you had experience/insights from other experiences, here are the main points:* Marketed in 2012 as a short sale, was pending but fell through* Shortly thereafter owners divorced, and one was sent to prison (still is in prison, and has declared bankruptcy).

In this spirit I now have developed numerous friendships, looked at some deals with others, and helped them in there journey.

I just wanted to get people's opinion here.Residential has numerous advantages - easy to find tenants, Fannie Mae offering long term loans, etc.

My understanding is that the 100 year flood zone is designated "A" and there are numerous sub zones within the A zones.

I'm hoping to get a little insight and/or suggestions dealing with MLO's.I primarily do lease options & I've been contacting numerous loan officers/brokers explaining that I'd like to send potential clients their way & that I'd like for them to run an initial credit check to see if the tenant/buyer could qualify for a mortgage within 12-24 months if they took the necessary steps to clean up their credit.  

In my case I've had about $850+  in repairs so far and that emergency fund really helped out.I'm planning to buy another rental property next year to aggressively build a early retirement fund and college fund for our child.Buy and hold and as time goes by you'll also find a mentor, someone who owns numerous properties , they can be very insightful for any beginner in realestate. 

Throughout my years in construction I have found that there are numerous people who have gotten hurt on their first deal, home, or even small renovation.

I explained to the other realtor (in writing so she could show her sellers) that our offer was reflective of the deferred maintenance & remodeling (approx 25k worth) needed to make optimal living conditions in the houses.Who knows if the explanation with the offer will get them down, but it was definitely a point worth bringing up. 

Quotations were used because the term is subjective and hard to define from a numerical perspective.Yet, to measure an individual's true financial stance, I believe net worth should have been used instead of income.

The property is in sore shape, with numerous vacancies.