Hello All,After spinning my heels for months and looking at different roads, I am at a point where I could use a little guidance in the real estate investment world.

They are clicking their heels in joy right now..I spoke with my insurance guy and he advised against a claim unless truly necessary.

They also won't walk without shoes despite polite requests, including heeled woman's shoes.

@Chris Presto We had a Casino built here and the hoopla caused a spike in prices in a particular area but then it never really came around so folks were paying too much due to the hype.

If you are unable to agree on changes, the contract can be voided by the Buyer and the earnest money is refundable.Even if your contract is 100% voidable, you can't send Guido over to collect when they dig in their heels.

If market value is already $100,000, why would putting in $15,000 in repairs only garner a $5,000 spike in value?  

Microeconomics is the study of how individuals and firms make decisions and allocate resources-- understand the distinction.You assumed I didn't look into local hotel occupancy rate which suggested 70-75% in most recent year but historically, the rate hovered somewhere in the low to mid 60s also... so the recent spike is suspect; as a buyer  in this case, you use the lower conservative national average over a report by the economic development department of a city that may be inflating the numbers to attract investment dollars to a region.

That 60K is real appreciation which is why you want to get your heels into strong performing So.

I can't amagine them digging in heels over 5-10 grand.  

I have fallen head over heels in love with the REI world, and to paraphrase Mr.