I have found knocking to be the most effective but if I get one deal every two months off all my mailers it more than balances the costs.

I have come up w/ some possible options:1) Option the property from the bank (probably very difficult to do) but if I can get an Option how can I secure myself from the Investment Group or the Bank going around me?

I have come up w/ some possible options:1) Option the property from the bank (probably very difficult to do) but if I can get an Option how can I secure myself from the Investment Group or the Bank going around me?

They're about 5 months behind on payments.Here's the numbers:FMV after fixing about $105K-$115K.Probably needs about $10K in repairs.Loan balance is about $48K,Bank wants about $5K in late charges and legal fees to date.Wife wants to walk with $7500.My attorney (who's also their attorney and brought me the deal) suggests paying the wife the $7500 (obviously I'd only do this into escrow subject to my getting marketable title.Then buy the bank out (HERE'S WHERE I REALLY NEED YOUR HELP), I sure don't want to pay them full face on the note, nor any late or attorney charges.

The house is sitting empty, about a $51K balance owing, (probably some late charges and penalties) but if she can walk out with $7500 she'd be happy.Anyway, I've done a pretty complete walk around and peek in the windows, typical cosmetics, yard and shrubs are pretty crappy, not too bad overall.

You're in a really difficult situation, and I completely feel for you here.

Is it really difficult to deal with Section 8?

However, what is not mentioned that not ALL types of investing work anywhere.For example, someone who wants to invest ‘SUBJECT TO’, by taking over payments from owners who have zero to little equity in their homes, must realize that they will have a much harder time finding these ‘upside down’ owners in older neighborhoods, where most residents have their loan balances paid off or just about paid off.Rehabbing would probably be a better strategy to pursue in OLDER, more established neighborhoods.However, here is another problem.

It makes life difficult sometimes too though.

Only in a Good Way :D )Guess who they are going 2B loyal 2 4 the balance of their careers in the business!