Terry thanks for the link it's pretty much excatly what I've been looking for.

if so; when checking the comps what should I check for excatly?

I still need to detail it out and decide excatly where i want to be in 1,2,3,5 years.

You then would have control over construction standards and the quality of the home built, and it would be excatly what you want.

craigslist   I do it excatly like this  www.ownjax.com/lochnessI have done 15 properties this way and gotten, no kidding, 8000 leads. 40% internet 60% phone to a call screener.

i have had brokers tell me that their minimum for selling a property is 4k. that would take care of your issue. the cheap houses is excatly why brokers have that minimum.  

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Trying to learn what the following line on a report mean excatly; Pro Forma Cap?

Not sure if it's excatly what you're looking for but we can provide you with an accurate list of borrowers in your area that are currently 60/90 days late on their mortgage before they receive a NOD.

@Chad Ellis excatly what @Wayne Brooks says.