They promised that this would be covered by insurance which we doubted based on our understanding of what is covered due to water intrusion.They came in and ripped out our walls and ripped our floors.

The most interesting point of this post is that every time I hear or read about someone getting ripped off in real estate, there is always this long drawn out belief in all the lies that eventually everything will be made whole.

Because if not, now you are reliant on contractors and such, and there is a significant learning curve in this industry just around how to manage them and not get exploited or ripped off.  

Adding more bedrooms, new floor plan, new kitchen, floors, exterior paint, landscaping, and pool rehab.

Talk to enough homeowners and you'll soon find someone willing to sell at a wholesale price, especially if the owner lives out of state.Driving for Dollars: The last method is to simply drive around and look for homes in disrepair... things like uncut grass, broken down cars in the driveway, or properties that could really use a fresh coat of paint.

Even the most ardent slum tenant will call you after the first 1000 gallons rips through their home.

We had to wash the walls, then prime and paint them, as well as washing and painting the cabinet faces in the kitchen (building is in a C neighborhood).

And the exterior could use a paint job & window replacements.I bought the property 18 mo's ago for $90k.

Most homes will need something: Paint, new fixtures etc.

Rip-Off Report has plenty of people that have finally awakened to the fact that CI is nothing but a very cheap and ineffective gathering spot for REI's wishing against hope that somehow they will connect with a successful transaction.5.