If institutional investors purchase these properties, they will have huge problems with scaling an operation to renovate these and if they sell them off one by one, they will most assuredly be selling to investors that are not aware of the conditions of the properties they are buying.Here is an article from HousingWire just yesterday, that we were a source for, pointing out the problems with large scale REO to Rental sales.http://www.housingwire.com/news/morgan-stanley-calls-rehabilitation-vital-reo-rental-success?

Originally posted by Michael Lerch:...I'm not quite sure how or where they get the rent info from so I don't know it's accurate. ...Well, every user who visits is asked to supply the rent for the unit where they are inquiring.

Hopefully that hasn't changed since my last visit.

Long story slightly less long, he wound up shadowing a new mentor for a weekend while the mentor made a deal, visited a few properties, and then took my brother-in-law to dinner and outlined his entire business.With this story banging around in my mind, I decided that I'm ready and crazy excited to do this. 

My agent assured me we would simply cancel any outstanding offers after we received an accepted offer.

Hey Matthew, welcome to BiggerPockets and the world of real estate investing.To get started I suggest you visit your local Real Estate Investors Association which meets several times a month in various locations, including tomorrow in Cary.

I enabled "Receive Zillow Applications", and that is why I have received more than 10 applications in just 4 days that are garbage: 3 are BOT or Scam type, perhaps using a stolen identity, and I can assure you that, because they have the same characteristics (Scramble data) and never they interact with me.

Mike,Visit, Scotsmanguide.com for a list of lenders that allow private funding.

We also used it as an excuse to go back and visit the "investment property".

Another idea is to reach out to her fellowship at church (and visit neighboring churches to determine if they have a seniors outreach program)...Regards,Scott Miller