Like a good investor, I am prepared to hold the house for the Congressionally approved 5 years and live in the house the last two years to receive favorable tax treatment should all of the above fail --praying all the while for a decent tenant who could actually take care of a freshly rehabbed house AND change filters AND cut the grass.

This place is a breath of fresh air in the self-serving, screw or be screwed storm of this industry.

The only visible signs of up-dating are new carpet and freshly painted interior, nothing else has been done.

Sally wasn't asking what to do but instead was responding to the OP which I find somewhat embarrassing when I realize I just revived a thread from 3 years ago and responded as if it was a fresh topic.

I have read a lot of info on the internet about how to make a good postcard, would anyone like to reveal any key catch phrases to put in bold on a post card or mailer, or have any sites that I could visit with psychological phrases that convince people to call my 1-800 number?

From the sounds of it, you're fresh to the game.

This is a good indication that this is someone who has several properties and has used seller financing in the past and will probably be willing to do so again.These "local" investors often work in more than one county, so a similar check of surronding counties should reveal their name as well as other names.

Freshly paintedetc, etc.

These two things alone were enough to back me off but then the real kicker was when he told me that he had spoken with other rehabbers who passed up the property due to the inspection revealing the foundation was bad.This house is probably best suited for demo.

If you are selling a house in an area that sells for $100 a square foot for an average house that needs some updating and you put yours on the market all freshly rehabbed for $90 a foot, which one do you think people will buy?