We are negotiating with ours for a predetermined punch budget to pay an outside party.

You have the age-old issue about "who owes what" in a scenario where you did research labor without a contract and pre-determined terms.

Assuming your doing a typical Assignment of Contract and not Short Sales or any type of seller carry deals, you can start with a list of Absentee owners for whatever area your targeting.List source and Mellisa data both have lists that can be ordered with your pre-determined criteria such as year built, square footage, lot size, tax assessed value, etc.

You guys agree to a pre determined purchase price and you get something like a six month option to exercise it at that price or conditional upon his moving out.

It will be important to monitor that score from month to month to ensure your number is above your predetermined threshold.

As Don said, this is an elective sale and the owner of these properties have a predetermined value in mind.

It's more complex than just having someone on the phone telling you what the bid is.To do it right, you also need teams of people to pre-determine a baseline of value, pull and analyze title reports, drive properties, pick up checks ahead of time, and yes, show up to the auction with a cell phone that won't lose reception.The service I use charges 6% of the purchase price or a minimum of $10K.

In the short term, trying to hit your predetermined resale price can end up costing you big time when you consider lost opportunity and holding costs.

A built according to predetermined specifications, set by the contractor, with the idea that the home will be sold once the house is built.

These are negotiations and there is really no pre-determined path to take.