Though I was impressed with the code generated by XSitePro, I expected that my Dreamweaver can do everything that XSitePro can, and there would not be a reason why I should get this – at least not for me.I thought it was going to be a simple, nothing new, just another website building software, built around a well-thought marketing message.If things went to my expectations, my plan was to exercise my rights for a refund.

Let me answer the question from my point of view:I would never expect a lender to advance me funds directly - the money should ALWAYS be sent to a lawyer in trust.I would expect that my lender would want his lawyer to review the agreement between us to ensure that my lender was covered.I would NEVER expect a lender to lend funds unless the funds were backed up by a hard asset with a substantial sum of money invested in the asset by the person requesting funds.For example - I will have $ 40 K of my own cash into the deal for a house that is valued at $ 180K +, but that we are purchasing for $ 160K.

I am new to this as I have never bought a foreclosure before and not entirely sure what to expect.

How do these jerks expect to earn any commision if they don't present ofers or answer/return phone calls!?!

Unless it was a N, NN, or NNN lease, I just don't see how you could expect to only have a 25% OE ratio.I really think you are underestimating the expenses.

It's not a magic formula that works in every situation...in fact, sometimes your expenses are MORE than 50%.Take a couple minutes to list out your expected expenses (and their amounts):- Vacancy (talk to other investors in the immediate area and see what kind of vacancy rates they are seeing)- Rent Loss (how much do you plan to lose due to concessions and non-paying tenants?)

Come to network, talk shop, and enjoy yourself.We're going to try and formalize the gatherings a bit with speakers, but expect the usual laid back, easy-going networking event!

Of course, if you put down $50,000, your cash-on-cash return would be around 6% -- not very good.So, that's a big factor.Also, you're missing a bunch of expenses that I would expect to see.

In any event, the set up of the property took longer than expected. 

Do some reading so you know what's expected for due diligence.