In some sales settings this means we miss the deal all together since there are some investors who will simply bid based on the data they see.  

Granted, I got my bid in last week and if it simply wasn't accepted, fine.

I suppose when the owner of the website tells you to introduce yourself in the New Member Introductions forum you do it (I had no chance winning that frame I suppose @Joshua Dorkin)I am an accidental landlord from the Richmond, VA area.

This is element #1 of my strategy - leverage an existing track record.During our call, I pitched him on me bringing my skills (general business management and marketing/advertising) to the table in exchange for the opportunity to use them - i.e. he would enable me with his skill set and I would help him to scale, using his track record as a springboard to craft a win/win situation.

@Hussein Al-asadiOne thing to keep in mind, most of the investors here on BP do not simply buy properties and rent them out.

I could keep them but now they each need some serious upgrading to keep the rental  income at current levels.There is much more to real estate information than simply buying with nothing or near nothing down and unreasonable spreadsheet projections.  

Mark,It sounds like you're looking for a creative strategy to (sort-of) flip houses with the minimum cash outlay..... and you want to use the equity you built into the home-owner's house to get paid (win-win..... maybe).  

Sub2 until the bank forecloses, or simply buy it thru a short sale?

Simply because you are one profession or another does not disqualify you from entering into legal contracts with another person.  

Want the wrong tenants, well, that's easy.Knowing where they move to if they skip the rent - waste of time and will simply wind you up.