The letters I've received were the first time I've ever heard of the IRRRL.

Making sure they make their payments on time, etc.  

However, it has taken a long time to resolve, and ultimately, we both decided it was best to let the contract go.

I get leads from time to time and really would like to have more solid foundation with buyers instead of scrambling to find someone. 

They find and fix the deals and we sign the checks.The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.However, that is not at all what he did.In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did.

It's been great for us because we no longer have to waste time going to appointments.Difficult?

I work in commercial property development, but this would be my first time developing anything myself and developing anything residential.

It is hard work and takes a long time to get the ball rolling. 

The market has been flat for an extended period of time (10+ years).There are attractive pockets which are generally the higher priced areas like Munich etc.Hope this helps

My name is Justin, and I've been a full-time real estate investor for over 15 years.