You want to be able to prove to an investor etc. that you have a handle on the potential profit or loss.

The reason being, it's tough to get through that first one, but if you do, everything after that seems very, very easy...

It would be tough to pull any equity out at this time with such little wiggle room.Two questions:Price dropped on May 14th by 6.7% Should I wait for the price to continue dropping before making a bid?

According to persons I've talked to at REIA meetings apparently I've chosen some tough areas to focus on in real estate investing (buying and selling non-performing notes, bird dogging/wholesaling and out of state foreclosure prop owners with the intention to move into a couple flips and buy and holds by the end of this year).I can't focus on all of them at once and have decided to work the bird dogging/wholesaling and note buying at the same time for the next 2 - 3 months to determine which marketing strategies work best for finding leads and establishing relationships with banks for the states I'm interested in.I've known this person for about 10 years and he is very successful at wholesaling/foreclosure/short-sale/flipping.

The payouts are usually higher but you have a ton of risk and financing on those deals is very tough to get.

My understanding is the P.A. has 4 or more brokers that the county is working with, so this may be tough. but per Rick Harmon on another probate site, any evidence of a listing agreement??

Fix and flipping seems tough because its hard to find starting properties with enough room to turn a profit after all the costs.

YESNOMAYBEAsking Price NOTESRENT RATE (Check Rentometer.com)Made an Offer (Making an offer over the phone is tough depending on what market you're in and if it's a FLIP lead or a Buy & Hold)YESNOACCEPTEDREJECTEDMAYBEAccepted OfferSeller's Schedule to Visit (Notes)Date to Visit PropertyWho is Going to PropertyEstimated RehabMAO (Maximum Allowable Offer)Sent Purchase AgreementLead SourceDriving for DollarsBandit SignsProspectingWholesalerProbateAbsentee Owner

Thanks for sharing @Bryan Hancock , the conference on Thursday and Friday should prove to be very lively as this topic will certainly come up a lot.

Bless you for trying your best to help your aunt out when she was in a tough spot.