Depending on your financial picture it may seem like a lot, but you're opening yourself up to the likelihood of losing MUCH more than $6K as a landlord with this property.I'd cut your losses and move on - a $6K loss is not worth becoming an accidental, out-of-town landlord!

My first exercise would be to simply find the name, address, and phone number of the current owner.

My current methods which consist of pre-negotiated short sales prior to hitting MLS are not able to meet the demands of my investors I'm simply not able to produce enough properties on a monthly basis.I stumbled upon these forums in my search - I learned about wholesaling (which I am totally unfamiliar with I might add) in hopes of learning another way / developing a new strategy in which to achieve this.

Don't let the parent corp situation blow your mind, still go to the company in name if they are open, they will either direct you properly to the right department or simply take care of themselves.

, I don't get it.I simply suggested he try to get a longer-term private/HM loan, to enable him to hold the property for 12 mths to get the necessary seasoning that these bank/FHA underwriters like to see.Is that clear?

I advise my clients to use the FAR/BAR also, so from a customer service and education standpoint, if you don't mind saying, I'm curious whether you were simply searching for a second opinion or if there was some other reason you questioned the use of the FAR/BAR?

They simply place a small classified ad that reads "Looking for buyers to purchase homes at 50-70% of true value"I have picked up endless buyers with this ad though "Free List of 45 foreclosed/distressed homes" call or visit www.$$$.com.

Also - the newspaper will tell you a lot, or simply drive around and look for "for rent" signs.

The reasons I prefer individuals are:- I usually have their cell phone number, so much easier to get a hold of then trying to call an office line and leaving a voicemail- Simple statements, usually in Word or Excel and just simply say the income and expenses and total deposited- Way less players in the game, meaning the one guy handles a whole situation.

The numbers simply don't make sense.Indy is a great market, and it is our number one market foe investor sales.