Then in times when you need the cash flow for other expenses, you have it.

So if you have to apply two coats because of an inferior watered down paint then the cost just doubled in time and the added paint needed to get the job done.

There is a future for you, but you will need to put in time and energy to make it happen.

Other than the railroad tracks, and a few dumpy houses on either side of the park itself, the setting is nice, green, big trees and has a pleasant feel - not a lot of trash and junk.

I know the basics of real estate (I suppose) and was interested in investing at one point in time but a bad transaction will make one lose interest really fast...I might be getting over it.Anyway, I am just asking because I've seen places for $1k to one million and I would assume that the price listed is the "purchase price" plus paying for closing?

I bought at a good time, and have made a pleasant return on my investment.

Sorry for my rash judgement as I am used to smaller and more intimate boards but then the subject matter on them may allow a differing membership and response.

In terms of a pre-foreclosure, if I couldn't assign the option in time, the owner is screwed, i.e. they're depending on me to get the house "sold" (seems pretty sketchy)2) Similarly, if I try to be nice and offer to let the owner try and sell it themselves, but I can exercise the option if I get it assigned, what if I sell it for say $5k, and then my assignee cannot exercise because owner in foreclosure has sold already, or enlisted agent help, etc.???

Hi Dick,What a pleasant surprise to find a fellow Houstonian on the forum.

And, if you balk at the $1,200 per year you pay for property insurance, you'd pay maybe $1,000 per year in time, state filing fees, accounting, and corporate diligence to have and sustain a legal LLC.