If it's a short sale you should already have a signed authorization from the seller to discuss with all parties the particulars of the existing loan on the property and any other junior liens. 

It's not that they don't exist - it's just there isn't a ton of that type of inventory out there.Depending on how far you want to expand your search you might have better luck in Fort Walton Beach/Niceville/Valparaiso.  

It seems as though with the "pessimistic" analysis we made (the 240 property management expense will not exist as I will be managing it since I live there, until several years down the road that I move out I may or may not use a property manager), I would be paying around $700 of rent myself.

What is the MAO to tear down existing and build a house of X sqft?"

Areas north of here (Jacksonville) tend to have lower REO prices, but the inventory is higher and the market it completely saturated w/ new construction subdivisions.

@Jay HinrichsWhen you think about it most of the existing housing was designed to be lived in and not necessarily designed as an investment like commercial properties or land developement are.

The first line of my addendum reads: "This Addendum incorporates by reference the P&S Agreement between the Seller and Buyer dated ___, and should any inconsistency exist between this addendum and the P&S Agreement, this addendum shall control." 2 Critical Terms to My Addendum:1) In California, the standard P&S Agreements / Offers Forms contains language that an assignment can only be made if you get the express written consent of the seller.

Generally, you have 180 calendar days from the date that the first property was acquired and "parked" by the Exchange Accommodation Titleholder ("EAT") in order to complete and close on the sale of your existing property. 

I've made use of a couple that do my analysis and a couple that I have for existing property to see just how I'm doing.

We even managed to rent out our existing house before we move out, and that was hard to accomplish!