Once we got our first purchase under our belt (with the help of friends - 50/50 purchase), he could physically see the benefits and cash flow, now he is all in with me! 

I'm not super experienced with hundreds of deals under my belt or anything but this is just my 2 cents.

BP is a great tool to have in your belt.  

Is it chain or belt driven?

Hi Daniel,Just getting started so no property holdings yet so maybe getting a few under my belt will help. 

If you can't give an IRR annually on their money of 20% then most investors will pass. once you get credibility and deals under your belt, then your risk goes down and they'll let you have more of the pie.

Obviously, buying properties this close to the belt is both challenging and exciting.

We called in our realtor (who has 10 years experience, and a few deals under his belt with investors) who did the comps and he advised us the full retail price of the home would be about $200K given that similar houses were selling for $190k-$200k.

If it does work and I have 0 liability issues, I am all for it and all short sale investors could have another option under their belt.

If they want to succeed, then they need to get their act together - keep their families together; discipline their kids; talk English instead of ebonics; GET A JOB; WEAR A BELT; ensure that their kids stay in school; and stop glamurizing the gangster lifestyle.