Buying the property can be a natural conclusion after helping the person in charge deal with a myriad of problems.Obviously, an ill-timed and poorly crafted letter ('I want to buy your house') or an syrupy, insincere condolence card will not buy you any favors.

My brainstorming brought me to these conclusions: 1 - I'm going to work on getting into the Real Estate Agent course offered at LaSalle college.

Obviously prices vary greatly, but any area that seems nice with a great commute and decent amenities will not come close to the 2% or 50% rule, among other 'rules' and general advisements.Did you come to any type of conclusion or realization with your situation?

At the conclusion of the 3 years (Jan.2015) they release half of the loan on the house.

In conclusion, I think it goes back to knowing your market, there is no formula or one size fits all.  

We take our documents to our attorney who specializes in landlord-tenant law.)Attorney Fee: $500 (flat fee for members of the Clark County Rental Association, includes everything from paperwork to court representation)Filing Fee: $197 (with the Clark County Superior Court)Service Fee: $40 (process server hand delivers package of five court orders to tenant:  Complaint for Unlawful Detainer, Motion and Declaration for Order to Show Cause, Order to Show Cause-Unlawful Detainer, Eviction Summons, Payment or Sworn Statement Requirement)Court: Fees covered by filing fee...our attorney and our tenant appear before the judge, resulting in a judgement in our favor, court issues: Findings of Fact and Conclusions of Law, Writ of Restitution)Writ Fee: $20 (Sheriff delivers/posts the writ of restitution and also written instructions for the tenant to follow outlined in layman's terms).Sheriff Fee: $85 (Sheriff is at property for one hour while we empty the apartment).

We have done a lot of "impossible" things the last five years.Here is an example of two relatively bright people who have come to different conclusions,, the reason I know we are relatively bright, BP has awarded both of us with the Genius Award...  :-)@Wayne Brooks said ...The chances of you finding a buyer for a higher price than could be gotten off of MLS is slim, unless you have some ignorant buyers.In the last two month I sold five houses wholesale to three rehabbers, one of the rehabbers is the most successful rehabber I know locally, another rehabber that I sold three properties to sits on the board of the local reia group and runs a mentoring program for new people, another is one of my former project managers who is on his own now, he buys all his deals from me. 

I'll likely mirror what Clarence said, but I'd be happy to give you info to support those conclusions.  

They properties are a bit on the older side, but I'm not drawing any definite conclusions until I see them in person myself.  

The results of my unscientific poll are conclusive: I'm weird for thinking that the smell of newly painted walls is appealing. :)Thanks, seriously, for the feedback everyone.