.- With around 10,000 lots scattered mostly across the Midwest and the Central Plains, Rolfe and Reynolds are about equivalent in size to a public-housing agency in a midsize city — and in an important way, they play the same role.

I'm thinking possible sub2 deal, but I don't know how the loan situation plays out in this scenario.

My recommendation is do a rent increase (use Tyler's script to help ;) With market at $1250-$1300 I'd go to $1175 then step it up another $50 to $1225 the year following.

Calls me back and said well it was approved but a supervisor didn't approve it.I find it very unprofessional how this played out, I'm not sure if the Realtor has an investor friend that might be kicking him back?

I'm sure hurricane potential plays into this too.I would shop this around.

My reason for joining the site is to network and gain as much knowledge as possible before I decide to make my next rei play.

You should play with it and see if it will allow you to create your own list.

Hell, I don't even know how much he has to play with.

The house is worth about 190-200k retail (a couple of Realtors have given us higher comps, but I always play it conservative).

Does anyone have a script for what to say to a banker or broker when making that initial contact?