You hit the nail on the head.

I think Kyle nailed it... what people want and what they can and will pay for are two different things.

A box of three inch screws and a box of duplex nails.

Provide more programs for Start ups.Remove The Cap on Social Security.Provide a "Rational" National Health Care Plan.Change Hiring Practices to make it nearly Impossible for Illegal Emigrants to get Jobs.Drug testing for Welfare.Restructure food stamps to be more like WIC.

My question is, do you fill in the nail holes, chips, cracks, and then paint, or do you just give the garage a good cleaning?

Yep, that was harsh but absolutely hit the nail on the head.

I have had a few owners insist on a quit claim because they believe that is the same as selling as is, they do have good title just don't want any left over problems, specifically related to condition and believe that is the best way to do it.Of course the others nailed it on the head about quit claim deeds, but once in a while they are useful, divorces, ex-heirs, etc. so don't throw out their use totally.

@Kevin and BrianThis discussion was preliminary and I too want to nail down some costs, credit limit, and a rate.

NAR is going to nail these vegas agents eventually for charging these fees.

So don't look at what the market is today look at what the saturation levels and pricing will most likely be when you come to market with a finished product.Don't be too rosy in your projections.This is what killed many developers who used high leverage and bought in 2007.They overpaid for the old building or land,used too high an ltv (90%),and had high rents expected on the cash flow which skewed the projects anticipated returns.When things finally came to market debt service was high and rent income was low and many developers with non-recourse walked.Today everyone wants to nail you to the wall to lend any money so you have to be ultra conservative in your numbers.