At this count I have about 60 of them.Things happen in people's lives, we can't always control things.

what is counted as expenses in this scenario?

For the properties they will only count maybe 75% of rental income.

And I've never had to make an emergency landing following a turbulence encounter (Palm Springs didn't count because we were already landing).

I wouldn't count on it, but sometimes an REO seller will allow you to add a name to the purchase contract; if so, add your end-buyer's name to the contract and then quit claim the property after close.As for the earnest money deposit, if your contract has a contingency that says you have a certain amount of time to do inspections or other due diligence, you can generally back out of the contract during that time frame and get your EM back.

Yes, the HOA fees do live on after the foreclosure if you are a third party bidder at auction(courhouse foreclosure sale), but not in the case of buying a REO that is listed on the market.So the issue that I have run across too many times to count is that there is one law firm in particular that has ridiculous crazy fees for not doing ANYTHING at all!

Offered 45, they counted 62k with e/m non refundable after 10 day inspection.

I can't even count how many time over the years I've worked with clients who've spent thousands with your firm only to be turned down when they never should have been engaged to begin with.People used to make up false deals just to see if you would issues an LOI and almost without fail you would.

The oct 10 date would be the legal "acceptance" date, the start of a clock the counts down the inspections, closing time frame, etc.

It does if you own the property and you didn't count on having that vacancy.