Next, if you attempt that, the note buyer will probably be looking at you as trying to pull a fast one.

Todd Carel - go to Zillow and pull up the houses listed between $15 and $35K in Oklahoma County.

If you don’t have MLS access then ask a Realtor to pull these for you.

I would start with your lender, explaining the situation and letting them know that you have come up with this solution as a way to complete the deal.

If it is listed, or has been listed, on the mls, you should be able to see some photos and get a good idea of the rehab needed.Agreed...though his mention of direct mailing implied to me that these would be yellow letters to a pulled list (not MLS)...

Then i would pull comps and if their ballpark figure was within or near what my research came up with, then i would visit.

Remember to also pull comps for rentals in your area, you must set the rental price for this home at a level that is competitive, if you don't you wouldn't get it to move quickly.

One way or another, you are going to pay in some form.The seller was kind enough to entertain a workable solution, something I did not think was going to happen.

Dawn, I know you say you work a full time job, but it seems like you are ALWAYS on BP, how do you pull that off?!

I will definitely get in touch with Bill when I need to pull the trigger or really going to make a firm step forward.