He owns a sheetrock finishing company and has an outstanding reputation.

I recommend you seek advice from a reputable trust services company, a CPA and an attorney familar with trust administration.

As I see it, there are basically 3 business flip models: - Virtual Wholesaling/flipping contracts/contract assingment - no cash needed- Short Sale/REOs - using a double escrow and transactional funding- Bulk REOs - using hedge fund financing, hard, or private funds Although the web is besieged with tons of sites to gurus pitching their programs for their various programs, courses, boot camps and the like, I believe there are also some very well-respected "real" investors doing actually these deals and profiting.

The county didn't mention this on the phone but I was reading about this on the web.

I know it may seem like an odd question, but I have looked all over this site and the web and I can't seem to find much info on this particular situation.

Since markets vary from location to location, your best bet is ask a few reputable mortgage brokers in your area and see what kind of financing is going on right now.

I heard a figure today from CoreLogic, a very reputable market analysis company, that 23% percent of all US mortgages are underwater.

Will post a link to the web site once I'm ready. :-)

Does this guy have a good reputation, or is he just another guru?

I searched the web and didn't find any great ones.I will be renting to people in MA.Any recommendations or point me in a direction would be great.