My neighbor came to me a few days ago and mentioned that he will possibly be selling is home via short sale.

Only thing to do there would be a short sale if the owners are open to it.  

To start, this began back in 2012, but took me a while to get some traction and realize real estate was the way I wanted to go.Let me provide the brief version:First property I purchased was a short sale in Clintonville in Columbus, Ohio.

Obviously rehabbing costs, eventual closing cost at the time of sale, but what else to factor in?

I am a wholesaler in Miami area,   if you are planing to do the same you need to have the right to sale it, I will use a legal approved contract,  you can ask a Realtor to help you with the offer, ask for 0 days for inspection, better with business days,  on that period you will have the time to sale it

In addition to this, I have been keeping a keen eye on the Sheriff Sales in my area.  

Obviously, this is all about what I can negotiate though I'm looking for a fair starting point... and also trying to be mindful that I should take care of the investor.I'd either need $260k to buy the property subject-to (but risk the bank calling due-on-sale) or I'd need $757k to buy it outright.  

The value of the property is anywhere from $85,000 to $93,000 (based on other sales in the neighborhood) over the past year.  

I am very lucky because I have zero debt and no bills other than phone and food since I decided to get rid of my car I have no expenses now.

In the simplest of terms, "Barney" style if you will, can someone tell me how to go about doing a For Sale By Owner route??