Certainly it's possible.Some additional thoughts:- You probably want a cash buyer who won't have issues dealing with a lender on this type of transactions (many lenders don't like double/simultaneous closes, regardless of how much/little the markup is);- This won't work with Fannie Mae REO properties, as FNMA will require title restrictions that limit a resale in the first 90 days to 15% over purchase price;- This won't work with FHA buyers due to the required 90 day seasoning period;- This may or may not work with buyers who are securing traditional financing, depending on the lender and their comfort with the deal;- Obviously, the property would also have to appraise for double the purchase price, and you might have a very difficult time getting an appraiser to determine that an REO is worth twice what was just paid for it without any renovation.

One market adjustment is for existing Landlords to exit the market, leaving less experience Landlords to deal with the new restrictions.

Being a lake house neighborhood with few building restrictions, many "unique" homes are nearby.That's Robert Downey, Jr's Ironman behind me saying "protect your data" which is something my firm helps companies do.Thanks for the financial analysis!

Im just getting started in REI, and im putting together a direct mail campaign.

Is it a coincidence that China, which has traditionally been less open, is opening itself up more, and the US and Canada, which have traditionally been more open, are legalizing more restrictions?

He is in NO way going to be able to run the same campaign that he did in 2008.

The volume brokers spend a ton on direct mail and other marketing campaigns to make their phone ring.

Restrictions on showing, etc may apply.

Hey Herbster, that is exactly what my campaign looks like.

Though I have never offered on or attend auction for REDC properties, they are a less restrictive way for the general public to purchase property by allowing the winning bidder a chance to finance the property through traditional sources.