It seems that turnkey sellers are sprouting like mushrooms, not unexpected giving all the distressed inventory being snapped up.Current practice by the largest turnkey sellers strikes me as questionable.

That's going to be a whole lot of money for her, possibly the largest check she has ever received.

If you find out the deal doesn't fit you objectives in a few years, then you want to have an ability to market this property, with financing, to the largest available pool of buyers.

I have 2 "special needs" children which is where the largest of my expenses are...

The areas that experienced the largest property value drops (and thus have the greatest deals now) are the areas where the local banks have been burned the worst, and these banks are under pressure from their regulators and their own Boards, and have either completely withdrawn from investment property lending, or are severely limiting it.You would also be well-served to cultivate some private lenders, and disintermediate the banks out of the picture, as they're just a PITA.

You should have a warm and fuzzy for buying the LARGEST purchase in your life.

This house is a foreclosure, offered for cash only and we suspect the reason why is even though it's listed as a 3 bedroom, when we walked through it there is a 4th bedroom that is what I would consider the master as it's the largest.

In that case I would look for the largest building you could get for around 350k that in good shape and does not have a ton of deferred maintenance.

I have a home which will be furnished, will have cable, will have wifi, pool table, TVs, free access to walk about a nearly 40 acre estate (horses allowed/archery hunting allowed), city park with walking paths, playground, skateboard park, soccer fields, brand new recreation center (all within walking distance).

(For California)No, I'm not a ripoff lender, but I am the Education Chair for the largest (well, for that matter, the only) statewide trade association (in Calif.) for hard money lenders.