Maybe get owner's permission to talk to the mortgage company and see if they'll take the purchase price as a short sale?

I searched and found many forums similar to this topic, however most of the died shortly after starting with no in depth information explaining the difference between residential and commercial wholesaling.I have found a great deal on a 7 unit complex that should sell quickly to a rehabber/investor, but would like to know how different it is from a residential purchase agreement and assignment contract?

T V there is a good property manager questionnaire in the Filesplace uploaded by Joshua Dorkin.

All you can do is ask.I don't care for HELOC unless it's really a short term need.

They were not at all happy with that.Long story short, the guy made a threatening remark to the PM today and so the management company just advised me that they are unable to effectively manage this situation and are pretty much hanging us out to dry with a very difficult tenant.

That is how I am able to wholesale REO's and Short Sales.

Short term.

Short sales and distressed owners.

Probably a short term like 90 days would be much safer as many strainght sale contracts can go out 90 days.

The best strategy in these areas are reverse short sales where there is an exploitable spread between the short sale price and opening bid at the foreclosure.