My last 50 properties from banks:47 - via Special Warranty Deed 3 - via Quit Claim DeedBanks seem to "have a fear" of exposing themselves to extra liability when they sell REOs, so banks, in their wisdom, mostly use Special & Limited Warranty Deeds in lieu of a regular Warranty Deed when transferring title on REOs.Banks also use "special addendums" or added language in the "additional terms section" of a real estate sales contract to even further insulate themselves from liability.Sometimes an investor can use the bank's paranoia and fear of liability to their advantage:I recently purchased (3) REO vacant lots from a major bank (BB&T).

In addition it's important to examine such demographics as job creation, population growth, etc to determine where the emerging markets will be.

Is this the right strategy, as opposed t bringing family on directly?

IF IT WASN"T permitted, you could be put into a very unhappy position when you try to resell.

Hey Kurt,I've taken all the core CCIM classes within the past few months and am planning on taking the designation exam in October.

And this link from the Related Discussions is very much on topic for this thread:http://www.biggerpockets.com/forums/67/topics/64671-don-t-beleive-home-inspectors

Most holdover provisions that I've seen run from 25% to 100%.Before everyone gets in a tither; the reason for such high holdovers is to get the tenant to the table rather than stay as a m-t-m tenant.

The appraisal reports I have examined have a continual characteristic of selective manipulations of the market data in an effort to pump up the market.

Once you figure out your profit level you need to negotiate with the seller a price that fits your profit level.You'll also need to know your market and examine it with a fine tooth comb to see if any deals are feasible.

My goal is to have all the "I"s dotted, and "T"s crossed, then not have to exercise them.Whew, I think that is enough for now, thanks all in advance for the advice/thoughts!