Bet not.You could possibly rent it out and sell it as a turnkey investment to an unwitting investor from out-of-state, for a large profit.

I think it's very unfair to the seller when the short sale is dropped because there is no profit.

Along the way I learned a heck of a lot about laws, people and opportunities that could be taken advantage for for a nice profit.

pretty small steps...Yeah Don, I've been thinking the same thing, less profit margins but more volume.

I would like to know how can I make this attractive to an investor in order for me to assign this property and make a profit.

If you just assumed it was yours to keep and spent the extra cash, then I think you've just given away $10K of your profit!

I am guessing $1,700 in taxes and insurance, plus a profit of around $8,000 on the sale, plus getting $10,000 down on that sale and interest rate around 8%.

What proactive measures do you take to increase profitability on your rental units?

Can you borrow this money for flips, keep the profit for yourself (outside of your plan and obviously subject to income tax) assuming you pay back the loan to your plan?

I wouldn't ever consider such a high offer of $15,000; it is cheaper to just fight them in the foreclosure.I also have to think, that kind of a number blows your budget and profit into pieces.