You sit there for about 8 hours a day, following rote learning techniques that allow you to replicate your productivity over and over, and following the instructions of the person in charge while being discouraged from challenging the basic principles of the system.Anyone who can achieve those goals makes an excellent employee in a typical retail or manufacturing workplace...but not a very good innovator...I've run organizations focused on "technology innovation" for a couple of the largest tech companies in the world, so I know the skills, approaches and personalities it takes to be successful at innovation.

What they ALL fail to mention or specify is that not ALL short sale transactions are fraudulent, not all investors are crooks and of those that are, they are a small minority in which the guilty party failed to properly disclose and had full intent at the start.If you as an investor negotiate to buy a property for under market value and disclose to the short sale lender your intent to immediately re-sell for a profit, then no fraud occured and no laws were broken.

What worked on one short sale may not work on another for a multitude of reasons.The basics are 1) work with the homeowner and collect paperwork including"p&s (add a line that says you're reselling for profit and can market the property)tax returnsbank statementspay stubshardship letterauthorization for releasefinancial form disclosuresThen take that paperwork and your HUD1 filled out and send to the lender2) negotiate negotiate...you may want to outsource this3) Bpo gets ordered.

What is the possibility of fixing it up and then re-selling?

That's not my game (I'm just not organized enough to do it - nor do I have patience for the people haha).I send a letter and I figure if you want to sell now (or later) that you'll either call me or at least put the letter aside.My honest opinion is that it all works, you just have to WORK IT!

The replacement value is determined by an analysis by Marshall Swift, supposedly an appraisal organization, but who really is in the pocket of the insurance industry, IMO.Your policy will require you to keep your property insured to at least 80% of that replacement value and if you do not, it is then assumed that you have elected to be self insured on a per centage basis as to what you have insured the property at, so if you have insured at 50% of the replacement value, it is assumed under the 80% co-insurance clause of your policy) that you are responsible for the other 50% of the dollar amount of any loss.

It's all a matter of organization, setting time aside for certain functions and sticking to it..I never owned 1,200+ units at one time, but I was the Commissioner of a large Public Housing Authority so was very involved in the oversight of multi units, high rises, to duplexs.

When you own notes that you have purchassed you can resell them quickly.

In today's world where everyone wants to be a victim it is entirely possible that the previous homeowners or some activist driven organization could contest these type of foreclosures.I have not heard or read anything on the subject... but perhaps others have and can point out the source of that info.This entire topic further reinforces the need for buyers to have their own title insurance policy.

With an investment of on average 100k - 250k, we could resell anywhere between 750k - 1M.