I know that every market is different and our markets, Dallas and Memphis, are unique in a lot of ways, but I wanted to share a recent bid that we won to illustrate being consistent.

I am also unique in that my dad was a contractor so I am very handy.

I am a real estate broker and have represented purchasers on a number of these transactions and found each to be unique and the process is changing as banks reduce their distressed portfolios.

Dion, I've had to deal with several in prison, it's a unique pleasure that we have being in an area known as the meth capiatal of the country....but this guy is in for a DWI, no matter, he's still there.I see J.Scott concurs with Dion as well...This type of property is not something I get involved with when I do get in something, but I thought it might be sorrta fun to post this from the beginning to it's conclusion, whatever that might be.As I see it, there are three directions available.

This property is not unique. there are literally hundreds of them around the city of Dayton but the catch is you need to get to know the neighborhoods and make contacts.

I've been working with a number of regional, national and international lenders with regards to purchasing their distressed commercial assets and each has a unique view of how to handle these assets.

Having a program that can edit PDF is key as each offer is unique and may require several bank addendum's.

But I figure that's his business.I set it at $18,000 so that I have some cushion on the $24,000 price.

However, have some back up savings, thinking to hold onto (security/cushion) or use majority for downpayment for another SFR investment?

However, few banks do them well - so that each card's unique number (or a portion of it) appears in the ledger of the account so you can track who made which deposit.We've been using deposit-only cards for years for those tenants who insist on paying cash - I refuse to chase them for their rent.