JWM in SD
Don’t make me laugh Raybyrnes. Did you actually read his posts? He basically said it was impossible to time an RE purchase. We know that is not true. I have a MM acct that yields almost 5 percent. Why would I put my money into a deflating asset?

Regarding your theory on buying the REO at 700k vs. 1.2m…it really isn’t worth 1.2m and the rent would not be commensurate.