I see and report on 100s of properties monthly and personally have seen it all in REOs and the horror show of humanity that goes with that.

In calling around for Fire/Dwelling quotes the numbers I am getting vary wildly, from $340 a year up to $800 a year.

In regards to your final statement, I am a few months away from converting my basement into a legal dwelling for me to move in while I rent out upstairs to cover more than 80% of my mortgage.

What are the rents and expenses, taxes, dwelling insurance... what "should" the rents be, have comps printed out, can the taxes be challenged, etc...

I think in many scenarios it is human nature to postpone big ticket items to maximize cash flow and when the property is sold - those big ticket issues are sold as well.So deferred maintenance is something I would look very closely at.Chris

Break your sets down to price per square foot.Websites such as Zillow and Realtytrac are Automated Value Models (AVM) which means they collect this data and calculated it without any human adjustments.

The mentally ill must be cared for in a humane and good way, letting them choose to walk the streets e most inhumane thing we have ever done.3.

Managing capital: human and monetary and trying to make the most profitable decisions possible.

Originally posted by Nathan Emmert:Area they're in... age... amenities.Donald Trump new = ADonald Trump Old or Middle Class New = BBlue Collar = CGhetto = DWell, by this matrix I guess I consider mine a C-. :)One thing on the cash out refi, your cash flow would be less.

Are you with Habitat for Humanity?