As soon as the foreclosure is official and the title goes back into the bank's hands, your lease agreement is null and void.

Oliver,I have a small handful of SFH rentals in Omaha, and I'm sure you are experiencing the same lovely weather in KC that we are (a high of ZERO tomorrow!)...

The system works very well, and yes changing out a cylinder is a lot faster than writing this post. 10 seconds with my hands full of other stuff (as usual).The basic locks are nothing more than builder quality - but they work fine and i wouldn't trade it for anything.Ed

Or on the other hand they are trying to get it for themselves or a client they are representing and did not want you to make an offer that is higher than the one already on the table.Something stinks about this, be leary of these people.

On the other hand, my agent has been driving me to places the past several months.

All hands must be on top of the table.

One company might hand out great leads like candy, but have a lower split.

I must say that for any FREE service I have ever used, I haven't seen a manager as hands-on as Josh has been about the Bigger Pockets forum.

On the other hand its not hard to imagine the possibility of selling it for $70 to $80k in three years, which would not happen if I didn't put the money into it and will be a much bigger return than the $300/month I would make if it cashflowed properly.I have been debating this as I look at homes in a little worse neighborhoods, where a house that needs very little work can be bought easily for the same 25k or less and turn a profit from day one.

Best bet is to hand in your lowest offer and get the bank to start the short sale 'process', b/c that could take about 4-months for approval.