So my partner and I recently  got a property we found off market under contract and had an appraisal completed on the property.

It's completely paid off and a Zillow search has it probably valued around $300k. 

Was probate ever opened and completed?

He ended up having to complete all repairs in the first 6 months or so.

A lot of people moved back in with friends and family or left the area completely so, just because people lost their homes doesn't necessarily mean they automatically became renters.

Only use an agent that has done several of these transactions- there are few an far between.Also, most agents will want the commission when they complete the lease option agreement, not when they compelte the sale.

Hi everyone,I am in the process of evaluating some properties to do a flip on and am putting together a timeline to complete renovations by.

I don't agree that it's a bait and switch - a complete PITA and frustrating - totally.The owner can initialize sale of the property during any point of the pre-foreclosure/default process up until a certain date, as I understand it.

Today my investors stay with me because of my ability to find them deals, my willingness to work as hard as needed, and to take their projects to completion.

If you compare it to a savings account, it looks completely different.The average flip is turning in $20-30k out in under a 6 month hold on 100k-125k investment.