In the last few years I've averaged 3 offers a year, bought them all with cash and closed as promised.All were carefully chosen for the rehab to rent strategy that I'm doing.I absolutely refuse  to waste my, or anyone else valuable time chasing all over creation looking for a short term gain.I'm old, slow and methodical in my pursuit and fully expect to enjoy the fruits of this attitude for a long time.

But, the logic of verifying here is that the contractor had chosen the time.

This project challenged me to identify the pros and cons of the location and evaluate the best size and budget I was going to need to build a house in my chosen location. 

Being a passive investor is a great way to learn - see how the deals are underwritten, the markets are chosen, the deal is presented to investors, etc, and it helps get you experience without having to take on all the burden.

For $7500 used price or so it is a gamble as to whether this will go over and catch on here.Much less risk than buying and trying to resell new stuff if it fails.

I just put myself in their shoes: while it is a very emotional time, there are also practical needs to be met, and the PR is the chosen decision maker.

I agree with James, you've set the bar pretty high for yourself with your chosen goals...considering that you're starting from zero.

If you want to gamble, go to Vegas, at least you'll have fun!

Only one for example there was 92 units in 35 properties for sale at bulk for arround $1,6 million if the seller had chosen to sell individual he had got $2,4 million for it.If you have the time so send me some infos to my email please - thanks.

Even for the finance without non-recourse law, only about 0.2% of the debt was recovered as the legal expenses were too high.Thus (5) is maybe the biggest plus for home investment, but a extremely politically sensitive aspect, which the FED researchers have chosen not to discuss.In spite of (4), overall a home is a good investment.