Originally posted by Krishna D. on the AskBP podcast the other day: The best time to plant a tree was 20 years ago.

For example "Welcome to your new home resting in a beautiful community boasting 35 acres of winding roads, big, beautiful oak trees, in a quiet country setting!

After the auction, I drove by to see that an addition for the third bedroom had been destroyed by someone stealing the aluminum siding and the rest of the house was destroyed by copper thieves and a tree that had fallen on the front.Lesson learned:  Know what you are bidding on or don't bid!

You didn't think about management, takes, capital expenditures like a new roof, tree roots cracking the foundation, replacing HVAC, vacancy, or evictions.

Add colorful perennials and perhaps flowering ornamental tree in front yard.

a few days late since i am super busy with the current rehabs, but closed on #19 on thursday night. worked on it for awhile with the listing agent and the brokerage. they apparently have a great relationship with the feds and kept trying a few times to get the best price. about a month+ ago, it was listed at 72k, i believe. then a few days later it dropped to 64.9k. i offered 52, but they didn't take. they said they had another offer. then i offered 55 and stuck to it 3 times in a row. they said best they'd do at this time was 55.5, so i took it.it's in Garden City, but on the border with Westland. it's on a cross road (one that goes between 2 major roads, so that will push some people away. numbers look like this:purchase - 55.5krehab - who knows, after 18, i still can't estimate properly, but i am hoping $20k at mosttaxes - $2,500rent - average rent is $1,000the problem is that i am out of money right now and can't touch it until i am done with the latest 2 rehabs. i might do a little here and there like demo and cleaning up the yard of trees and such, but no major installs until we are done with the latest 2.my goal was 20 a year ago. i am close, so i just need a new goal.

I think what you're asking about is "unforeseen repairs," like a water line bursting or a tree falling over and needing hauled off.  

The only thing I have found out is that the bank sold the mortgage to "Green Tree".

I do not own any homes yet but want to buy a MF home where I can live in one unit.Doing a search on Trulia, Zillow, MLS, Realtor is not giving me much, so am wondering whether I am barking up the wrong tree for this market.I would love to hear from experienced investors in these areas what would be the best strategy for this area.

It's an estate sale, and the seller was very short with me on the phone but here's the info he sent me:Estate sale - House + lot with potential to be subdivided (could profit from subdividing and selling the land)Looks like a single family home, I'd guess 2-3 beds/1-2 bath. 1.33 Acres (57, 935 Sq Ft)Asking $250kThe "county listed it at $238k"Conventional financing only.Description on flyer: "beautiful lot with large trees, quiet neighborhood, newer larger homes in the area.