Today, our market conditions are very competitive and spreads are thin, however, there is money to be made if you have the right team, systems, and competitive edge (drive and determination).

I agree 100%: spread the wealth.

William Parks (1800 - 1870) was a local merchant, ship owner, co-owner of the local gas-light utility, and founder of two textile mills which operated from the the 1860s through to ~1974 (though the family lost control of the mills in the early 1900s).The house - exteriorThe 1/2 - 3/4 acre garden surrounding the house is overgrown, but there are some amazing old plants hidden amongst the chaos - I found a rhododendron with a 30' spread, whose trunk was 8" in diameter - quite a specimen this far north.  

IF the market value remained at $549K, you're looking at a $175K spread.  2006 was the year before the "bubble burst"; check the MLS to determine the comparable sales for the property.  

If you can handle the management, there is much money to be made as those types of properties have bigger spreads.

@Agus Irawan, YesI think the important thing is to just get started, after which we can spread the word :)What I gather so far is we have Chris, JD, Jet, Agus, Emin, Willemina and myself - 7 members, I would say that is a pretty decent group for a first meet up.I propose to meet at a coffee shop where we can do some introductions.

Just to have the bigger spread.

Receiving payments over time will change your tax situation as you can spread out your income over the years you are receiving it. 

- when news media broadcasting against the POA action?

The deal should cashflow with 20% down, and if you're having to bring more to closing to cover the appraisal spread, that would indicate to me you're starting off with negative equity.