That just knocked another 4 or 5K if not more off of its value.I always like to give my investor buyers the most information I can.

So here goes; knock yourself out!

Hmmm - Oddly enough (knock on wood) that is one area I have never had a problem - grass is cut - snow is shovled (where it snows) etc...do they put in Hmmm - Oddly enough (knock on wood) that is one area I have never had a problem - grass is cut - snow is shoveled (where it snows) etc...do they put in flowers and improve it - not really - but I don't have any of that in there anyway - I can say that the landscaping is really always returned in the same condition...I don't have any special language - I just have a clause that states they are responsible for the maintenance of the landscaping and it will be returned in the condition it was given and there are photos and a move-in check list........flowers and improve it - not really - but I don't have any of that in there anyway - I can say that the landscaping is really always returned in the same condition...I don't have any special language - I just have a clause that states they are responsible for the maintance of the landscaping and it will be reutrned in the condition it was given and there are photos........

What makes it a wholesale deal is what you do with it after you contract to purchase it, not how you find it.You can try foreclosures, tax auctions, REOs, or just knock on the door of the most dilapidated home on your block.

Maybe the assessment listed more bedrooms than you have or maybe you've knocked down the garage or removed the pool.

If not just compose one based on your observations and hope that the former tenant accedes to it, some will, some won't.I used to have a room-by-room checklist which noted some of the following:Condition of walls and paintCondition of carpetCondition of doors and doorknobsCondition of ceilingCondition of light fixture and the bulb worksCondition of toilet, sink and tub in bathsCondition of stove, oven sink, garbage disposal and dishwasher in kitchenCondition of grass and shrubs.On the move out version I had a list of amounts that I was deducting, including but not limited to:Missing door stop (the move in one showed that there was one for EVERY door) $5.00Hole in wall from doorknob going through it (somehow in my 60 years on earth I've never destroyed a door stop or knocked a doorknob through a wall, but it's not hard to tenants) $75.Pooper scooping the yard $5.00 per pile.

Now I have no choice but to make it work.Fortunately I did have some reserves at the time, but they're dwindling fast. i figure I can make it about 3-4 months with what I have left, but -knock on wood- as long as I can get this house sold within that time, I get my money back, and I make a healthy profit.

I work with a big investor in the area, but we are new to knocking at preforeclosures.

I plan having 1 minor construction task done: filling in one doorway to a cubby on the 3rd floor and then knocking down a wall from the master bed to form a walk-in closet, and then professionally repainting and cleaning the place.

Learning everything from the school of hard knocks is a sure path to failure.