I am also interested in a Short Sale strategy of REI and would love to pick your brain as I am relatively new to the game.

nope, I've got 5 children, so a rented mini-van was the way to go.It's to bad the Cards didn't win........but what an amazing game.

Lee, by your own comps you've established the FMV at $62,000.

Investors generally have their own money in the game so it is in their best interest to get the properties into livable condition or find someone who will be willing to do the rehab.

Using any kind of positive appreciation number in this real estate environment is a fools game.

I brought up the point that the reduction in price after I submitted my offer was very suspicious and he said that it is simply a game that the listing agent is playing to show that the price he got is much higher than listing so he will get more listings from the bank.

Just know from my experience and tons of other Investor with portfolios that would make you shudder...That the complete rental game isn't an easy one...Unless, it's completely self managed... that's ok, if that's your cup of tea...For me...

We have the fundamentals of our business already established and are relatively young in our market.

I have no problem playing video games.

Now, 17 years later, I have a nice system for oning rental property and great equity lines so I can and do what ever the market says makes sense.I think the RE game takes money.