They don't get stained like carpet does, so they tend to last longer than carpet, which usually offsets the initial cost.

That provides you with an extra set of (experienced) eyes to look over the deal and confirm your numbers.

Im glad that at this point and time the majority of my investments are not affected and that they are granting extra time to anyone who has more than ten registeted properties to be compliant.

I have been investing and living in Luzerne/Lackawanna counties of Northeastern PA for over 10 yearsMy usual cap rate is 13-15% after a 10/10/10 pad and at the lowest I get is 10.

@Mike Hanneman, 25% is what I've also heard as the usual amount down.

This is why buying a property thru an hoa foreclosure is a bad move, 99% of the time because they almost always have a mortgage, that is usually more than the property is worth.  

Remember, these "wholesalers" are not licensed, not held to any standard, are usually out for a quick buck, and doubtfully have any E&O insurance.

IF you sign a contract and pay earnest money and cant pay for it, you'll be screwed that earnest (usually)

What about management fees (even if you manage it yourself you need to make those calculations, usually from 7-10%.)If the above numbers are correct then this gives you a 27% return on your money.

All an "approved short sale" usually means is that price was approved for a previous buyer, who didn't close.