For anyone who doesnt know a Short Sale property involves buying a property that is being sold for less than the outstanding mortgage balance.

They are: verifiable income of $5,850 per month, good reference for previous housing history, pass credit check over 635, no outstanding past due obligations, no recent (10 years) bankruptcies, a clean criminal record, and no previous evictions.

If you sold everything your return would be outstanding.

With your experience running a kitchen and bath design business, I'm sure your transition will be a smooth one.I am an investor-friendly agent in NY and I belong to a number of nationwide networks.

All this info is outstanding!

Hey everyone,I am a Wholesale Loan Officer with Asset Based loan programs on investment properties nationwide.

I know we have a state sponsored down payment assistance program here in Colorado and that Bank of America has a nationwide one.

But if it comes down to specialization vs location, choose the former.There are plenty of CPA's here on BP that work with investors nationwide.

In addition, historically there has been outstanding appreciation.  10 years from now, the purchase is very likely to look to be a great investment. 

This property has produced an outstanding return if he purchased it at a high LTV.