Prior to the meeting call the president of the club and any vendors ask them how the meetings are.

Typically there are over 200 investors and vendors there.

If there is no charge.. then what the heck go for it.I know cogo closes some deals they have cashed out a few of my vendors deals.

Wanted to answer your questions and clarify some of your points.Our inspections are done by third party vendors.

We have a could of those for our properties, it allows us to let vendors in, pass keys to real estate agents without being there etc.Dollar to a dome the house never makes it to foreclosure

Because I own a management company, I have someone on call 24 hours day that answers any after hours calls, but will only dispatch in the event of an emergency (fire, flood, no heat in winter, plumbing break etc...) put those things in writing and make sure have a number for them to call after hours, with vendors that can help you at those times.

Look for an agent who has a lot of experience with these vendors and understand that not all of their foreclosure properties are good deals.

Your client needs to understand any property management vendor has additional fees for locating tenants, surcharges for repairs, etc. hopefully those costs are accounted for in the cash flow analysis.

Now if you keep on accrual - you will be able to track that you owe 560K on that specific property.That is it - who knows how much money is held by other vendors such as utility deposit, taxes, insurance, escrow held at closing and the list goes on.

You get what you pay for if you end up choosing vendors that cost less for one time projects :)