This strategy was never meant to mean instant wealth.

Also, even though you may have to return the full deposit due to a technicality, you should still be able to put them in collections and/or seek a judgement.Honestly, I would try to find a win/win.

@Guillermo Nadal I would say its premature to put this one in the win column wouldn't you say? 

)For a moment I felt the lure of push button marketing on the internet with instant access to cash buyers and amazing leads!

There are a lot of ways to win.

We identified the problem areas, built a great team, and developed a system to win the Detroit real estate game—and we never looked back.

If you had a private money lender, how would you structure a deal with them so you both win?

Win win. 

If you tell a wholesaler the zip code, the SF, the bed/bath and condition they should have a ballpark in their head instantly.

Plus, the fact that you wouldn’t have to bring money to the closing table is a win—some investors have had to do that just to move on from a bad decision.That said, if you can hold on, cover the mortgage, and keep repairs manageable, it’s likely just a matter of time before values bounce back—especially with the projected rate cuts.Both options are valid, and there’s no right or wrong decision here.