This is likely your highest valuation, but it needs to be positioned appropriately for sale, and a good listing agent will be useful.It is alternatively a straight investment property that would probably sell at a 9-11% cap in a "nicer" area as you describe this, but your local market will dictate this number, there is wild variability from market to market.

Just need some pointers so I handle this situation correctlyI got a call from a lady wanting to sell her house.She thought it was free and clear except for delinquent taxs. $2000She will sign the deed over to me for$100.

I can see it now...the tenant posts pictures of that wild party...ya know... the one that put those holes in the walls and busted out the patio door.I would be ok with email, but only in the form of reporting issues, not for spreading the latest virus alert and joke of the day.

I have a lady highly motivated to get her own place, however, she is disabled and lives off a tiny check.

Here in Sacramento, we offered assistance to the working ladies in addition to adding deterrents to their customers.

I wasen't wild about it but the other agent insisted on it.

Of course everything I mentioned is assuming all you've assumed yourself regarding purchase price, income and expenses, which you seem to be swinging quite wildly at.

Our first and only flip: we bought a foreclosure, closed on a Tuesday, on Friday a lady knocked on the door while we were painting (we put a FSBO sign in the yard day of closing), said her moving van is on the way from out of state, her house purchase fell through, she'll pay all cash and could we have it finished and closed by the next Friday?

I call it "swag" scientific wild a$$ guess.

Even if I approached all of the folks cited in the amendment or went door-to-door how would I know who is authorized to put something in writing if the lady that is the representative is not of sound mind?