Jay,It'll cost a little bit more but check out Lease Purchase (first check Florida Law, I heard a rumor that there are limits on LP in Florida).

Do A Google/Yahoo Search {(or Call Info-411 (http://www.411.com )} to locate the County or Courthouse Clerk (Recorders Office) in the area where you are interested in locating Foreclosures.

And if so you might want to check out the rehab forum along with all the threads in there!

It sounds a little like the developer wants to park lots with investors so they can free up capital for the balance of the project.At one level the deal is interesting and might be worth the effort.On a different level you need to check out how the cash back works. 1.

You might want to check out the rental forum and all the threads there I think you will be able to help along the way.

If they fail to provide what you need you can redirect the number to a different provider without invalidating the prior marketing.There is a new service on Google but it is still in beta and restricted as to who can sign up.John Corey

:D Googled your username......your Biggerpockets posts are starting in the 4th position.

Check out the neighborhood; understand the comps; determine any repairs needed; look at the leases; etc, etc, etc.However, assuming all that is satisfactory, the key point with rentals is to make money.Here is how I see your potential deal:Gross Rents: $3,890Operating Expenses: $1,945NOI: $1,945Mortgage: ($99,900, 30 yr, 8%) $733Cash Flow: $1,212 or $151/unit/monthThis is an EXCELLENT deal from a numbers standpoint.

I will take your advice and check out these links as they may be of some help to me and my contacts.

Zillow has created what many think is a play on the national MLS, and I've heard that Google also wants in.