So in other words, SDE isn't sold for its value, dollar for dollar.  It's

This means that the Fed can control inflation, and long-term, they do a pretty good job at this, the current period excluded. 11) There is no serious challenger to the world reserve status of the dollar. It

The people that you talk to who want to sell, are going to want top dollar. It

The market here is on fire and wanting top dollar it seems for even the worst properties.

Generally in the foreclosure auctions the properties that go 3rd party will sell for 80-90% of retail, if you see something at 10 cents on the dollar it's a huge red flag. 

Fortunately, my seller is Canadian and thanks to the considerable appreciation of the US dollar relative to the Canadian dollar it looks like she won't lose any money.  

I never want to chase the last dollar, it is the most expensive.  

Replacing windows would be the largest single expense - still has the original 1975 casement windows.So if I'm it this were to hypothetically work out ---$50k               Note purchase and legal fees to foreclose  (Hoping if they sell note for 10-20 cents on dollar it would                                                                                             be 35-40k for this part - spitballing $10k in legal fees)  $120k           Rehab  (would need maybe another $20 for the basement later)  -------------------------------------------------$170           Total invested      At a min ARV would be $220-250k if not higher depending on what I do outside- but dont see it going above $275k or so -- New/redevelopment is taking place very close by this neighborhood - homes hardly sell if ever since people live here for 20-30+ years or have so far in this little pocket of houses.I'm waiting on calls back from local atty's I know am familiar and have foreclosed on property before to get an appx ballpark cost on their expense then will attempt to track down who I need to speak with at the lender to make something happen.And as you said - the second exit is wholesale it later, or someone bids above what is owed at the sheriff's auction and wants to hold out on the redemption period themselves.

Last loan to close out that was originated prior to my son being born.But he got his dollar (it was actually a couple grand in closing costs holding constant the rate).

If they say 20 cents on the dollar, that means for every dollar it is worth, you pay 20 cents.