I see your point of view.Originally posted by Joel Owens:If you want go sit in court for a few days and listen to the tenants and landlords go back and forth with the judge for awhile.You will most likely learn things you were not aware of.I think this would be the case in many situations, as an experience in grand jury was an eye opener.

Are you finding that Lenders require you to wait 1 year from your purchase date and only willing to use the price you paid for value as is the case in most of the rest of the country?

Case in point, my town house bought at the peak of the pre crisis market in 2007 for $620K went down to $550K at the bottom of the cycle and now is worth almost $1M.

To have the lowest filing fees, you should establish the LLC where you will own the property, in this case in NC.  

@Winkler - You just regurgitated the same crap from your first post, only you added a whole bunch more words to make your case in the second post.

They then present these opinions to a judge and/or jury who renders a decision which becomes the law in each case in every courtroom in America.

My guess is I will have to do an eviction in two weeks but maybe I will get lucky.We also had a case in Milwaukee where we bought an REO with the former owner still in it, we sent letters and door knockers and they just refused to respond.  

(and that isn't always the case). In

What was the case in your second example?

Unless the ARV is SIGNIFICANTLY greater than what you have into it (which isn't the case in your calculations), then it's not a DEAL; it's just buying a house for market value.