My question is has anyopne done a deal like this and how are the lenders looking at this type of seller now days any comments or questions would be helpful.

I don't know enough about flipping to comment on that for those houses.

I have no data to back up my opinion), I'll bet you would find that many who have made their fortunes in RE made it from appreciation, not cash flow.I'd love to hear thoughts on this and hopefully I qualified my comments enough to indicate that I don't believe on betting strictly on appreciation, especially if you can't support the property that you are buying with your reserves.

I don't know enough about to comment on.)Originally posted by "EZLoanz":d.

A couple of comments about comments.Marky wrote; The going rate for rentals in the greater Phoenix area is about $1 / square footI don't know the Phoenix area but my guess would be that PRICES are above $1/foot.dal1 wrote; pay 20% down avoiding PMI and improve it with energy efficient windows, architectural roof, landscaping etc.

Thanks for the comments and good advice.

Does anyone have comments/suggestions on buying a foreclosure?

That comment is utterly silly.

Thank you for your comments, Mike.We've done the analysis, and for our area this property looks solid.

Thanks to all for your welcoming comments...To expand a little on my reply to REI, what I am referring to goes well beyond the commission check vs. mgmt. fee.