Was the risk worth the reward in your situation?

Does anyone have any idea if this would be worth going to court over and if it is and I get the judgement I want is it enforceable? 

If you don’t qualify as a real estate professional or don’t have a way to use those passive losses to offset your active income, then spending the money on the study might not be worth it.

You can see by the pictures that this home was severely abused and turning around a house like this may or may not be worth it.What do YOU think?

Home now worth 550+.

Probably wiser to deploy just a bit more ($1.2 mm - $1.3 mm) and try and get a 3 or 4 unit property via FHA.Jersey City is very hot right now and certainly worth exploring, but have you also considered Brooklyn, Queens or the Bronx? 

The home is worth a lot more then the note is selling for.Marie Johnson this is almost exclusively the case.

For example, in C class neighborhoods, you might see higher tenant turnover and more wear and tear, which can increase costs over time.It’s also worth factoring in reserves for capital expenditures (CapEx), even if major items like roofs and HVAC systems are new.

In reality, it sold for $650,000 because that’s what it was worth.

Stay Organized: Keep detailed records of all expenses, timelines, and communications.