Incredible short term returns lead us to believe that these returns are likely to continue and our investing strategy is safer than it really is.

It's incredibly helpful to my wife and not to mention I now see why Brandon is always talking about getting involved with the community in the BP forums on the podcast!

@Cory Yoviene I wish you luck as finding ANY kind of property around Annapolis these days has become incredibly difficult.

A good skip trace will produce quality numbers, emails, mailing addresses and other background information to determine if you should reach out to relatives.From there you can text, call, mail, email, and/or social ads to get in front of these prospects.Here's a good episode on someone who sources 75 off market deals by the age of 20 - https://www.biggerpockets.com/...

So yes, it's an incredibly accurate resource.

That experience has been incredibly valuable to me. 

Even if your underwriting is accurate that the deal should and does produce 8% cash on cash, HUD rules on how the sponsor has to calculate "surplus cash" that can be distributed may not allow the sponsor to distribute that cash and therefore your returns will be lower, albeit usually only in the short term.

Sounds like your going to need to do your own appraisal and bring the data to the bank and see what it's going to take for them to loan you money. 30k on a 45k+ is more likely to produce interest.

Wow, what an incredibly unfortunate situation. 

You will waste an incredible amount of time trying to do the "possible".So instead find an investment that is probable, not possible.