I read "Finding and Funding Great Deals" by Anson Young, and I was surprised by all the different motivations to sell their home a person may have and the different ways to find the appropriate information to target this people.

Not sure if this is most appropriate forum, but here we go:In my analysis, I deduct 25% from gross rent to account for repair and maintenance, Capex, and vacancy, and to build up reserves. 

Since the government has such huge expenses after a situation such as this and the majority of tax payers end up on the hook for the costs is it appropriate to allow any one to rebuild in a area that will inevitably be devastated over and over again. 

@Wayne Brooks - I'll leave that for the appropriate attorney to decide....and I'll disagree with your comment.http://www.nolo.com/legal-encyclopedia/who-can-cla......a relevant example of what I'm potentially looking at (I am "Jill" in this instance)...."

This will now populate the appropriate table, based on the type of lead it is, tax delinquent for example. 

The 70% rule, or more appropriately should be called "guideline" is a quick back of the napkin calculation to see if a deal comes within the range of possibility.

In general I would recommend that someone who lost a home consider it as an option, there's going to be situations where it's appropriate, and some where it's not. 

Without more specifics it's kind a hard to place an appropriate cap rate on the property

But if you can document that you lived in the property for 2 out of the 5 years immediately prior to sale the gain will be tax free.Otherwise, a 1031 exchange into a better cash flow asset would be appropriate.

I'll check out the WI form as well though for reference, thanks@Rebecca Holmes a good heads up, I'll make sure we have appropriately filed if we do go the option route