Otherwise you'll be scrambling either to track down the owner or write the check yourself and then get reimbursed.In a way, if you have good references and know what you are doing...play a little hard to get. 

I was going through realty track and noticed a lot of REO's listed value or estimated market value is above the nearby sales prices.What does this information reflects? 

There are ways to prevent this by account and password, MAC address tracking, or limiting bandwidth which most of the large ISP already utilizing.  

I tend to be a little to sympathetic towards the seller and totally lose track of the how important the numbers are...

Assume a less then stellar credit score, but things are back on track (Self-employment took it's toll!). 

I have been driving for dollars lately and found a few diamonds in the rough. My only problem with that is not being able to locate the owners or note holders with public records... Any help would be appreciated Andy

Are they tracking their spending?

Am I on the right track or just getting started too late?

I've learned so much already from reading through these forums and I'm excited to know that this is just the tip of the iceberg.I'm looking forward to meeting and interacting with folks on this site and to getting my Real Estate career started off on the right track!

There is no need to track depreciation and file for 1031 exchange.