The mortgage is with PHH Mortgage and they didn't know where to direct me to get the process started.Does anyone know who to contact there at PHH to at least attempt this?

Because I am in the military and only expect to be in my next location 2-3yrs I will still use a property manager for all my deals.Long term I will continue to buy and hold and would like to attempt a flip on a couple properties to build up some cash.

Assuming it cashflowed well enough to do so, would there be any financial reason to attempt a faster paydown of principal?

I'm not saying I wouldn't attempt to shave off costs, etc., but seeing what the current owners/managers already do would be a good starting point.

I've been handed this mess to attempt to clean up.

Waypoint does some unique things: - they leverage properties with a bank and get 50% of the money out at 5-6% - they rent the properties on a lease option and get a 10%-15% premium because of this - they are attempting to automate everything with computer programsI think they are around to stay... it will take them 2-5 years to know how big of a success or failure there business model is.

Since you're starting out....those who attempt to squeez dimes get a reputation among Realtors and other investors.

This is a fantastic answer for small operators.There have been at least two people who have posted here attempting to do just that.

Brian P How is it sweet that someone overbid a property that you were attempting to buy for an investor client?

I guess it would be unwise to use Roto rooter, so I will attempt to use a cheaper plumber