If you guessed "me" you were Correct!

Seems I get in trouble bringing in the ax, but when something is not correct, those who know better have an obligation to any RE community to point it out as new investors rely on what they find and input such as yours can save someone alot of time and money.

Yes that is correct.

(* since we are not that far apart we should correct that Jason)

If you really believe the dire predictions in that article then the correct investing move would be to convert all assets to cash.

You may be totally correct with those statements, but the BS detector just tripped, and now you have some extra convincing to do.

If my calc's are correct, should be right at 100 a month cash flow.

Thanks Wheatie,When foreclosures are involved there are no seller's commissions, correct?

So, I recently had a kitchen, laundry room, and some corrections done by a licensed electrician with permits.

I heard this method can be quite extensive.If I understand you correctly, once I find a good value I should reduce that number in half and then subtract repair costs.