Of course a team of trusted rehabbers/wholesalers, one solid Realtor and a title company that my investment network can refer and depend on!

I concur Jeff.Spending money that you don't have is not a long term solution to anything but winning political races.That goes for Dems and Repubs.

If you are referring to capital expense reserves, you want anywhere from 5%-10% of the gross annual income as a reserve fund, depending on the age, location, etc. of the units you are buying.As far as building this reserve initially, one option Mike did not mention is to have the purchase contract stipulate a deferred maintenance credit from the seller to you.

Is he licensed/insured and has references?

Either a water and vinegar solution or you can use a product called Nature's Miracle which can kill urine odor.

That title sounds like you work at a bank and know the exact person you'd be referring to huh...

I referred to it earlier as the Perfect Storm forming and I seriously believe it.

I think that what you are referring to is a law to help homeowners with their estate planning.

I know that I will be paying excise tax on the sale as well as potential short terms gains, but I cannot find any other solution to get myself out of this hard money first that is just depleting my bank account!

to get maximum exposure to the market.Also, the pricing of the short sale will be fixed by the bank in a Broker's Price Opinion (BPO) according to the comparables, so no matter what price your homeowner agrees to, it has no standing when the bank names their price for the house.I only way I can see you making money on this is if you either refer it for a fee to a short sale specialist in your area (please check to see what the referral laws are in your state) OR buy the house yourself if the BPO comes in at a good price.