If many units have already been sold odds are strongly in your favor as you know.

Who knows what that will do to the house markets and favorability of school districts.

I am not looking for handouts and I am not looking for favors I am looking to work hard pay my dues and learn along the way.Bigger Pockets is what started this new revolution for me.

Are you able to tell us what a favorable number is?

You can also call your Realtor up and ask for a CMA, hand that over to the appraiser at the very least, if it is favorable.

Yes maybe after you've done a few loans with them they can be more favorable toward your deals but they will generally still need to meet guidelines.What is it specifically that you need a portfolio lender for that can't be done conventionally?  

Consider buying out of state in a more favorable market, that's what I am doing.

Scott, other cases haveexpanded the remedies of defaulting vendees to include even willfully defaultingpersons.When selling a parcel of land under a sales contract which is not recorded, the seller isprohibited from otherwise encumbering the parcel to an aggregate amount exceeding theamount due under the contract without the written consent of the purchaser.A real property sales contract must recite the number of years to complete payment and,if a tax estimate is made, the basis for it.When selling real property under a real property sales contract, the seller must applyinstallment payments first to payment(s) due on an obligation(s) secured by the property.The seller must hold in trust payments received for taxes and insurance and use thosefunds only for those purposes, unless the payor and the holder of an encumbrance on theproperty agree to some other use of those funds.A real property sales contract for purchase of real property in a subdivision must clearlyset forth the legal description of the property, all the existing encumbrances at the dateof the contract and the terms of the contract.Except in the special area of large land developments, the advantage which a landcontract may have held as a security device seems to have dissipated in favor of the useof a deed of trust with power of sale.Disadvantages to buyer.

Do yourself a favor and find someone in your area to partner with.  

If you study hard, and do your due diligence, your odds of making fewer mistakes and becoming a successful real estate investor will be heavily in your favor.