It has proven to be a real challenge, but we are definitely making real progress.

You can track the progress and learn from it.

I will update as the deal progresses.

If it was from known friends here on BP, I give it a LOT of weight.For the legions on twitter or yelp, or reseller ratings, a grain of salt.If I were you, I would ask to talk to both happy and not so happy property owners.Being a PM is an adversarial relationship to a tenant by it's very nature.So vet em, and please keep us informed of your progress!

Recent Closed properties, demographics, path of progress and job outlook are all critical.Call the economic development office for your city, they are helpful.

Keep us updated on your progress.

Keep in mind that the bank isn't looking to take advantage of you and isn't looking to negotiate -- they've simply received a request to short sale the property, they've evaluated the value of it (the BPO) and they're agreeing to the short payoff that they believe it fair based on that BPO.The bank is doing the seller (and you) a favor by allowing a short payoff -- they have no obligation to approve a payoff lower than they believe is fair and they have no obligation to negotiate the price.That said, if you can justify the lower offer price -- either through comps and/or through contractor bids for major renovation issues -- most lenders are going to be open to the information.Short sales are a long process -- if you're willing to wait it out and fight every step of the way, you can get some great deals (most of our deals last year were short sales).

Keep us posted on progress.  

Keep me posted on your progress and feel free to reach out with any questions along the way.

So I'm hoping you guys can give me some past deals and what expenses are more hidden that I should be taking into account when evaluating these properties, as well as other good neighborhoods to look into.