Short sales do not have this OO restriction.Look for properties that are real run down.The short sale department and foreclosure department have different objectives.Yes there are a bunch of issues with short sales.Any strategy you implement has work involved to make money.Anyone telling otherwise is not telling the truth.Competition exists in anything worth pursuing in life.Accept it and work to be better than anyone else.

How old is your existing flooring?

How are you on BOCA, OSHA, Environmental Engineering, Marketing, Planning & Zoning aspects, obtaing zoning variances, politics in the area, working with utilities and thier engineers, financing projects......I could go on....Point is, you won't get this out of a few books, universities offer degree programs and new grads still are only prepared to assist an established developer.Best thing is to work with one and learn.Many developers were GCs before they started, probably started with a small number of lots and built in phases or got an existing area and built to suit.

These were recently amended in 2001 to include the following paragraph:"All single family homes shall be constructed on site of materials similar to those of existing homes.

Future marketing issues still exist as well as collateral concerns for some lenders.

I'm wondering how and when the current market value is determined for existing homes.

(3) Regulations and procedures might be different in different states as a matter of fact even in each county in a state.

The way it's set up is that if you refinance your loan through your existing servicer, they (in my experience) generally minimize the rquirements needed to refinance.

An LLC has no tax status as far as the IRS is concerned it doesn't exist.

So pluses and minuses exist either way.On REO purchases you should be able to get title insurance, where the insurer will search for liens and insure if none found (or if the ones found will be satisfied from seller proceeds at closing).