The benefits to you is that you can completely eliminate the custodial fees, transaction fees and asset based fees.It has been discussed here on BP forum in details so if you are interested in learning more about it, you are in the right place.

Kyle KufeldtIt is difficult to say without knowing the details of the area, the availability of comps and the property itself but the value is likely somewhere in between.

And then there are professional (or should I say habitual) risk takers, who lose money, but get to keep everything....including their secretaries.We never know all the details, so who are we to judge?

In other details that might be important, homes are cheaper here in east TN than most places so finding foreclosures from 30-70,000 that are valued at 100-150,000 seems to be pretty common and they're nice houses (not in bad neighborhoods or anything).

I'd love to talk with anybody about reputable companies in other parts of the country if they're interested.Thanks again!

If you are interested, PM me for the details or just go to their website.

@Wayne BrooksHi Wayne thanks for replying.I looked it over and didn't see any details one way or the other in-regards to the rent pay out, only that 30 days notice needs to be given too the PM.

I'd be interested in more details on your insights.

Don't be economical with the details (thanks Rick H).

What do you think http://www.realtor.com/realestateandhomes-detail/141-N-6Th-Ave_Manville-Boro_NJ_08835_M69687-12179?