Unfortunately, gurus are sponsoring meetups for the purpose of extracting as much money as possible from those who are gullible.

Most of what you are calling expenses there are probably part of the improvements needed before placing it into service as a rental, and those would become part of the basis and be depreciated rather than being expenses deducted fully in the 2012 tax year.FMV, as you are probably aware, can be extracted from a number of methods: tax assessor, an appraisal, what you paid plus improvements, etc.

Kind of like taking aspirin instead of making your own willow bark extract.

How much did they try to extract from you?

But nevertheless, I imagine the price will eventually find it's way to point at which shale extraction, fracking etc, are just cost prohibitive.

Will use BP Marketplace if we get to that point.To our knowledge Intrepid is the first and only company that has a working solution to extract, filter, and verify NOD data (after Pre-NOD/Pre-Foreclosure and before Auction/Sale) when it is first available from County departments.We want to know whether there is enough investor interest to warrant continued time and effort on our part to extend development of our proprietary NOD service to other Counties around the country.As investors, we all seek advantage over the other guy when it comes to contacting distressed owners with a solution to their problem.  

When municipalities use tactics to extract money from you that you have abandoned any hope of receiving corresponding benefits, you need to change your own tactics to protect your own interests.

Can you apply your discrimination to extract what's salient, correct and well-founded from the often-confusing stream of information?

I payed $50 a month to get online access to the local clerk of court's website and extracted my own information.

Sell as a "sweat equity/fixer" type property or do it up and extract every penny?