If the contract is an assignable one, the bank most likely will not even negotiate with you.In todays climate banks are looking to deal directly with the buyers especially when it comes to short sales.I would figure out how to buy the short sale property first and then resell it.

None of these efforts mean a thing if you can’t figure out how to drive Internet traffic to your website.

I'd like to get this deal figured out, so thanks in advance everyone

Makes sense...thanks guys....I figured it depends on the terms.

You do need to figure out which animal you prefer - residential or commercial, office or retail, etc.

Go figure.

Now, if the lender considers 75% of the $5400 rent, about $4000, against the payment, you would only need a third of that income, about $85K a year or so.Again, no idea if that's how it really works or not.The $720K figure is based on the $800K price, less 10% down payment.I believe there are programs for owner occupied properties that would let you get away with less than 10%.

Figure out which properties have houses on them.

If I don't figure this out, my business model of buy and rent back preforeclosures is shot.

Very True Dan, so many people including myself figured that an abandoned house would be an easy catch.