Criteria for pulling comps- within +/- 20% sq ft of subject property- within +/- 10 years for year built - same or similar number of bed/bath/garage -Attempt to get comps with same exterior and construction as subject property-For an actual wholesale deal subject property needs to be $0.70 cents on the dollar minus repairs, or there is not enough spread for the end investor.

The buyer attempts to get a mortgage and an appraiser will be required, in that case, to determine what fair market rents are for that property and that is at the time of the appraisal, not 2 years ago!

Well, with rates as good as they are, I decided to take my equity and attempt to start a new adventure.So I bought my first property thinking buy and hold as a landlord (I always act as the property consultant [for the owner]).

How many records do you attempt to contact and how many records had invalid information?

I know that there are honest and well meaning investors that attempt to buy and sell using such strategies and I also know there are some (many) that have no intention of making a successful transaction in the future.

However, we do attempt to pay for the education system through property taxes so those are very high compared to other states.Also, our state legislature meets once every two years so there is a limited amount of laws that can be passed during that time.

We will probably also run ads in local papers in an attempt to sell to a lay person (eg. a retiree who wants to get their money out of a 1% CD or treasuries) as opposed to investors or professional note buyers.B) Based on current mortgage rates, 9% just doesn't seem realistic to me.

Maybe this has compelled a small percentage of them to attempt to cash in on the influx of new people to investing.

I have found LI not applicable for advise, expertise, etc, though some half harded attempts are made.

There are many people who will happily throw you under the bus just to get your $97...Scott, you are clearly not grasping the concept here.We are in fact Fully Disclosing our intent to profit up front and in writing through the Supplemental Short Sale Addendum that should the lender wish to be notified of all higher subsequent offers we are clearly telling them that we will comply with their demands but that we will be compensated (by releasing our Equitable Interest) for doing so should they decide to approve the higher subsequent offer.Fraud would imply that we are attempting to conceal our intent to profit.On the contrary, through the use of the SSSA we are telling them that we will profit while still complying with the exact letter and spirit of their affidavits.For further education on the subject of the definition of Fraud I would suggest listening to an attorney explain the subject in detail here:http://www.smartrealestateinvesting.com//webinars/ronballard2011/