This cause water to leak out of the connections and causes water damage to the ceiling.The washer/dryer is in the hall upstairs on our units.We have also found tenants will use the cheap rubber hoses instead of the steel braided ones or not have a washer fitting inside the connection which causes a leak.Also if it is an older washer or connections at the wall the threading is older and even if you tighten it will leak.This is why we use Teflon tape when putting the steel lines on.It fills the imperfections of the threading and stops any leaks at the connection.Another area of leakage is at the discharge hose.If it is not properly clamped at the washer,has an old hose,or where the discharge hose goes into the drain line could cause a leak.

I have spent considerable time looking at property (on vacation) but never have enough time to do the proper research to get an operation set up.

If you want cash flow you really should be looking at multi-family product.

Buying off the MLS at a discount and selling to a cash buyer for a higher amount via a double closing is certainly possible if you know what a good deal is, have a large buyers list (not just one or two who are agents), how to properly and effectively negotiate, and where and how to find that good deal before someone else does.

He made everybody sign a very strict agreement that we can not pitch any products or services.

I wouldn't think you could get a short sale done in a couple of weeks....If you can get an offer prepared and into the bank with the proper paperwork to get the short sale process started, the bank is likely to put off the foreclosure for some period of time (60-120 days) while the offer is considered by the asset manager.

Of course the best thing is to get a proper BPO in the beginning!

What ONE buyer will pay for a distressed properly does not necessarily make it what the MARKET will bear.

. :)I'm happy to tell the whole story once I receive the official letter from the IRS (a couple weeks), but long story short, I moved a large chunk of my retirement funds into a self-directed product offered by a relatively large financial company.

Now it could be a scam, or it could be she's trying to do right by her old friend and do something productive with the cash.