I've kind of been turned off from foreclosure/auction/sherrif sales due to the long process and the inability to inspect the property etc.Besides getting the "balls" to actually approach people in preforeclosure situations, the main thing holding me back is financing, I simply do not have the money for a downpayment.My plan was to buy properties, hold on to and rent them until the market turns, and then eventually sell, but that may not be the best option at this point.Reading this forum the last few days I've been hearing some new terms:bird dogging - http://www.biggerpockets.com/articles/bird-dogging101rb.htmlwholesaling - http://www.biggerpockets.com/articles/wholesaling-properties-lg.htmlTo be honest, I'm not 100% sure what the main difference is.

We know this by simply asking home owners and seeing what it is listed at.

I REALLY enjoyed it.

Right, we have presidents that can do worse things in the highest office in the country, and this kid wants to enjoy a little weed from years of hard work, and they start snatching endorsements.

To start without expending the effort to learn these principles or to start without applying these principles is simply foolish.

I enjoyed taking the time to answer it.

It's my understanding that the seller must agree to the concept of a short sale, so you wouldn't be able to do a short without the seller knowing it.So you'd simply get a contract that says you can buy the property if the bank will agree to a short sale.

When you collect the deposit, do you provide any type of written agreement or contract to the buyer at that time, or simply wait until closing to sign the assignment?

Is that simply what it is?

Before we break contract, however, we will both sign a promissory note stating that he will pay me the difference in the option price I had with him and the option price agreed with the end buyer that I found; I will get paid from the title company as a lien holder at closing, simply having them wire my fee to my bank account and me never having to be at closing.