I am willing to assist in any way I can whether it be on the evenings or weekends, helping out with anything I can get my hands on - paperwork, helping prepare for open houses, putting up signs, etc. in return for being able to observe, learn, and ask questions.

Then I wait to hear the back story and observe how they are telling me about it.

.-5% for capital improvements (capex).Those last 2 numbers are based on average expenses for Columbus multifamily properties that I've observed over a number of years.Don't forget there are other (small) expenses such as legal, etc.

Sec. 5.061 provides that numerous initial and ongoing requirements must be observed if an executory contract is going to be properly implemented, and the burden (as well as all the risk of violation) is entirely on the seller to meet these.

Obviously, I can get an idea of the interior condition by observing the exterior (maybe even peak through a window), but the condition of the interior is still very unpredictable.a.

Reading everyones comments has allowed me to make the educated observation that not a single one of you should go to the first Flipping Formula 3 day seminar.

Tim:  Good observation and fair point.  

Due to the way things have played out in a foreclosure I observed, the bank no longer has the statutory right to redeem their interest in the property at question (period for subsequent redemptions has passed).

I won't argue with the data since I haven't checked the sources, but I will say it's not my observation for the particular location and market segment I'm operating in.   

Check out quality of posts, websites, LinkedIn and any other background information.Since I'm new to the REI arena, I've spent considerable time learning, observing, following and reading select member posts on BP that I've come to trust, just to understand the nature of this diverse business.