First, the previous homeowners hid several things throughout the house that the inspector did not or could not catch.

Then the taxes will catch up in the next tax year.

Home prices and recessions take some time to catch up.

All jokes aside, it opened my eyes just like many others.

There is more going on than meets the eye with ALL the recent economic, social and political events. 

Hello All,So I am in the process of setting up my RE company and I was wondering which state will be the best state to incorporate the holding company?

I've been keeping an eye on loopnet.

For example, I recently drove past a property that caught my eye, decided to look it up, and saw it listed as a pre-foreclosure.

Canandaigua as well as other portions of the Western NY area, are great for investments, as long as you take the tax liability into the equation, as well as new state laws that took effect last year, that need to be accounted for, so you go into any transaction eyes wide open, and all (realistic) numbers in the equation.

Bonus if it can be turned into an educational how-to guide.The resident can either pay out of pocket for any work needing to be done, or they can let the GNA cover it in exchange for direct principal payments off the original market price purchase.Make a simple guide to what needs to be done on a regular basis, and establish a plan for what the resident can handle, vs what the GNA provides.Create synergy with kids and grandkids to accomplish common/ regular tasks.Opportunity for daycare/ day camp, or even homeschool type services.Opportunity for future continued business partners to take over living on the residence.Preferred scenario, resident pays for material and professional labor, and the GNA provides cheaper labor for easy tasks etc.Residents may pay part of the labor cost, but ideally if the GNA has cash to pay internal employees, then those costs get applied as principal payments.Explore options that let GNA employees trade time for ownership of that specific property, instead of traditional pay, or use it as an overtime bonus.Find ways to incorporate local artists and craftsmen, and make unique projects that incorporate the story of the house as told by the resident.