The hardest part about rehabbing is understanding the cost involved with a rehab and controlling your need to make it perfect.

I think you would have a better chance of purchasing below market if you concentrated on regular sellers since there is some desperation or emotion involved.

May well be there are two loans involved.

A little more information is included below for your reference.IRS Eyes FlippersIf you complete multiple transactions in a short period of time, the IRS may consider your property transactions to be a business or trade rather than an investment strategy.

so many people screw themselves in this world by not knowing what they are getting involved in.

So yeah, having said all that, when I start expanding my landlord game, I will be breed/size specific and depending on "familiar status" probably none at all (I may not (and would not) be able to discriminate against kids, but I will discriminate against pets if kids are involved).

There is a vacant property in my neighborhood that I have had my eye on for a while.

The lack of attention the "guy with the job" is paying to his finances is not something to admire or to which anyone should aspire.Federal Income TaxState Income TaxProperty TaxSchool TaxTrash TaxEarned Income TaxPayroll TaxSales TaxTransfer TaxFederal Gas TaxState Gas TaxHaving to sit down and write a check for any/all of them SHOULD be an eye opener and get you steamed.

There's hardly any work involved--you [short sale negotiator] are doing all the work, aren't you?

I am direct to a resource, but he only gets involved with short term, commercial/corporate scale lending needs (10MM to 600MM).Regards,KWS