Can the management company be changed out for positive results, etc.There are many many ways in which a rookie mistake could ruin you for a long time.

Buyers usually offer thousand of dollars less than the asking price when looking at a short sale purchase.

A couple of hundred dollars to get some knowledge in the matter is a lot cheaper than thousands in fines and/or jail time because one took the advice of "armchair lawyers".

True, but for higher value properties, I don;t want to tie up Hundreds of thousands for 14 or 21 or 30 days, so a large EMD is more than sufficient.

BTW - Don't ruin it for us time delayers!

If they're $40K in the hole, it seems likely that at some point all the owners will have multi-thousand dollar assessment in order to give the HOA some working capital.

It is a very proactive process to find motivated sellers, and spending thousands of dollars and/or hundreds of hours to find one or two is not an uncommon event.

Thousands of newbies with a financial death wish - that's who!

Are there thousands of others who do it legally and ethically?

Since I'm not here to ruin anybody's business, I will keep the names and addresses concealed.I recently announced going to Birmingham, AL for another properties expedition (Formal announcement to come soon...) and I called all wholesaler who have properties in Birmingham to send me their list for consideration.