No more of a deal than any other type of foreclosed property.

For me I found that it is easier this way because we constantly have projects waiting to get started I try to plan that no more than 2 weeks before the next project is started usually less than 1 week but you know how things go.With a general contractor the will bid the job do the job as they are working on other projects as well and then when things they quoted you are done thats it, it doesn't matter that the doors need trimmed because the carpet and pad are too thick, that the outlets need to be changed because now they look bad on a freshly painted wall, if it wasn't in the original qoute it is extra and they may not be able to get back to it for 2-6 weeks as they are already scheduled for their next job.

It might be enough for a cash purchase in many markets while in others it really is no more than a down payment.Focus on the numbers as MikeOH suggests.

In the Bay Area, it seems to be fine in areas where there is no more land to develope, good school system, and jobs.

Anyhow the house is no more then 10-12 years old so its in relatively good structural shape.

IBM,An example of the homes that I purchase for rentals are no more then 35K that will take a couple thousand to make rentalable or I buy HUDs in the low teens to low 20's and put up to 8K in them and rent them out.

Repairs-windows, refinish hardwoods (beautiful floors throughout, just need sand/refinish), kitchen needs counters, bathrooms just need quick overhaul (toilet, vanity, sink), paint, and thats really about it.....I "guesstimate" no more than 10k on the very high side, and with me doing the work, def well under 10k.

Offer no more.

The word is that no more cuts are planned, that’s why the stock market took a huge drop the other day. 8)

No more personal contests to pass the person ahead of me.