As a landlord I look to learn more about flipping and the challenges of finding and keeping good contractors, what makes a good wholesaler, etc.It probably would be a good idea to prepare a list of you feel you might need some help with.

The last BPO I challenged I had the price dropped from $65,000 to $42,000 - but I did have a 23 page report.Good luck

Are there any glaring holes or flaws in this staring me in the face?

Do you find it particularly challenging if you aren't in the same city?

Lynn -- this is a challenging issue.

I've found we do a much better job looking out for the seller's best interest since we're the ones that have to look the seller in the face and explain to them why their home foreclosed if we don't do our job.I have a full time assistant that handles the admin side of the short sale.

Members of our team are in Dallas each week and would love to talk and meet face to face.

I have a meeting scheduled this Friday and I bringing in my bank statements from another bank.I am with one of the big five right now and you should have seen my business banker's face when I asked about getting a BLOC using my cash flow as collateral.

Also, with short term rates and their borrowing costs near zero, these entities seem to face minimal financial consequences from slowing the process to ease the absorption of the overhang (good for incumbents, I'd think).I know the cheap funding cost is encouraging local banks to hold out more aggressively when selling their REOs.

well it really depends on the timeframe that you are working with and how credible your buyer is.1- shorter timeframe - challenge the second appraisal2- longer timeframe - resubmit the loan through a different lender, since its FHA they can still use the first appraisal, and then you order another second appraisal.....Appraisal is not an exact science, more than often it depends on the appraiser that you get.