I know it's going to be hard, thank you for reminding me.The reason I decided to write this is because reading some of these things actually made me second guess my efforts to get into wholesaling.

Seconding Logan's idea.

It was not a large balance and in second position, anyway, but it was frustrating as they were told they couldn't recover. 

Now I know what I'm negotiating on with the banks/credit unions I have lined up.One note of interest to me: I called Capital One and they have a recourse loan that doesn't require any cash reserves, I even asked the question a second time to make sure I heard that correctly.

So, if that and the precanceled stamps used are good enough to have a post office official take a second look I think I'm doing pretty good. 

I would think they want my money, the walk-throughs went fine and they seemed interested at the time...I always like getting a second number so I don't want to jump right for the only one who gave me answer.Any thoughts are welcomed.

Assuming it doesn't conflict with your main job, having a second job like this is another way to increase your income.

I was hoping to get a second property a room addition, also.  

So, here is my question... how does the quit claim deed work with the existing mortgages (there is a first and second, totaling $118k)?

(note this is my 10 seconds opinion after looking at the map... note.. do not take it forgranted.. i maybe wrong... since I am personally not familiar with this area, but rule of thumb... is... typically the first impression is right... think of Hurricanes....)In regards to figuring out which property has good appreciation and all that jazz... just hit up loopnet analyze bunch of listings and you will get the gist of it... or feel free to check out my blog.. to see how newbie like me navigates the waters within the first 2 months and 8 days in the journey of commercial real estate...