All,I've been extensively researching and attempting to find legit REI mentors, but I simply keep finding my way back to multiple guru discussions and doubts of legitimacy regarding the gurus (on top of massive fees to use their educational material and systems). 

Hi, one of my neighbors is in pre-foreclosure and I would like to attempt to help them save the effects of going into foreclosure.

@Ben Leybovich,What you described is more a deal that only the ill-advised would take on: a deal where the numbers don't work or where the person looking at the deal hasn't yet learned how to run the numbers and make sure they work before attempting to move forward.In the case you describe, a "PIG" is a Poor Investment Gamble.As I understood @Leon Chappell's question, a "pig" is more like a home I looked at a couple weeks ago: not updated since the 1970's, pink, green and yellow bathroom tile and fixtures, each color in a separate bathroom or powder room, gas cooktop and oven still using pilot lights - the oven would probably slow-roast a sirloin tip roast in about 12 hours just from the pilot light alone, daylight was visible around the basement door to the backyard, ... that sort of thing.

There is an abundance of wholesalers in this market so the more people you know and how they operate will give you insight and strategies for which type of properties to attempt to get under an agreement

12 unit property Purchase Price: $350,000 Price Per Unit: $29,166.67 Occupancy: 92% Seller Cap Rate: 10.6% 16th attempt at crunching multi family numbers. 84 more to go.

I used it to get my license and passed with the first attempt.

I assume it is the bank but will attempt to confirm tomorrow.

I'm a new wholesaler attempting to do direct mail.

I agreed to settle the day before court, as the tenant had put all the disputed rent money into the court registry - a requirement if they plan/attempt to stay, at least it was 3 years ago.

My goals: I will take the next couple of months focusing on a niche of the market, I haven't decided what that will be yet, then before the year ends I will attempt to make some deals.