Hey guys,Questions at the bottom, some background for why I am purchasing such a house at the beginning.I am currently trying to buy a homestead and in need of a relatively quick move.

As I am certain you know, there are many factors involved and I would have to believe that a market strategy would be relative to the particular place in the market where the home fits.

The profits have been small really but the homes have also been small ones, a relatively quick turn around and sale.I have 4 rentals as well and I am moving away from that to fix and flip.Send me a personal message if you wish to talk.

I've been told that once an MLS short sale has been approved, you can make an offer slightly lower (maybe a few thousand) than the approved price and it will still go through relatively quickly (as opposed to an unapproved SS).Has anyone on here actually done this?

BTW, you better inform the owner of what is going on as they may object leasing to anyone off the street and you won't win that if they do!

What have you done in the past or plan to do in relation to this?

My opinion, just about every property "can" be a good deal... you just have to accept that "good" is entirely relative to the property.Because of location it may take longer to rent, attract a lower quality tenant, have a more transient population, demand lower rent... etc.As long as you've taken all those things into account and STILL have a good price, why wouldn't you buy it?

I have watched my market for along time and this is actually a relatively "good deal", believe it or not.

I have read a few books and consider myself relatively handy, I just don't know where to start.

The bankruptcy related to the borrower's primary business.