He says, on average, his expenses over the years have looked like this:Buying costs are generally 1.5% of the selling price Holding costs (utilities, taxes, etc) are usually 1.5% of the selling priceSelling costs are generally 6.5% of the eventual selling price, after repairsHe projects the months required for rehab work (holding time) with the following formula: Rehab cost per square foot, divided by 10 + 2.5 months to market & sell Do you guys think these numbers are accurate?

I would rather live here than a 5,000 square foot house in the middle of a midwest cornfield.

I want to buy more homes, but I'm self employed now and have been dumping any money I do have into financing my new company.A lot of people have told me to walk away from these homes but I see profit in all of them, and I feel like I have a foot in the door.

If the frame is good, you might find someone that will pay extra for it after you strip the rest off.As to seven foot ceilings...you need to see what your local codes say.

Perfect size weapon for my stature being 6 foot 2.

Thanks :wink: You just shot yourself in the foot here, Jim.

Just looking for any insight on where to start and get my foot in the door for listing REOs.

It is a 3 bedroom, 2 bath, 1,056 square foot house here in Escondido.

Properties that are high in demand for rental purposes costs about $150-$250 per square foot, with the higher prices for ocean view or waterfront properties.

I'm not trying to be rude or anything but more knowledge equals less fear and from what you expressed it seems you are starting out on the wrong foot.