George Paiva, yes - I'm a member of CTREIA and attend fairly regularly.

We do BofA and HAFA preapproveds on a regular basis.

., taxes, insurance, routine maintenance, property management fees, utilities (at least when vacant), CPA fees, legal fees, make-ready costs, etc), capital (big expenses that have to be capitalized over multiple years - roofs, furnaces, sewer lines, etc), and vacancy.

Send them out at the end of the week so they get to the targeted seller on Saturday (during the week most people sort their mail over the trashcan during their daily routine, while most folks spend a bit more time going through their mail on Saturdays).

Lack of trust of realtorsLack of trust of professionals in general vs regular peopleThey perceive they have a house nobody wantsThey have a problem they don't think a real estate agent can help with.

The bidding stopped at 530K and the guy who won is a regular bidder but he looked shocked that he won.

I'm in the Tampa area as well.Are you currently renting these properties to 'regular' tenants?

If you're looking just for cash flow rental income then you can make money in Detroit on section 8 (or regular tenants but higher risk of non payment since economy is not too well) but if you're looking for property appreciation I don't think you would want to invest in Detroit.

Prefer elevator / doorman bldg.Please add me to your cash buyer's list if you regularly encounter any of the above.Thanks and Happy Investing !

I would estimate the fall through rate on a wholesale deal is much higher than a regular buyer, a wholesaler has a much better chance of not closing because they don't have a buyer, don't have the money, can't figure out how to double close or valued a property poorly.