I'd tell them know that the property is a serious problem and I'll probably loose money trying to do clear up the title, but if it doesn't cost me too much, I'm willing to give it a try. 

I've decided to just sell it before a deliquient tax certificate is issued, where I could loose the house, or atleast have to owe more then I have to pay now.

The following is listed under the listing of amounts to be credited against minimum wage:(E) If, as a condition of employment, the employee must live at the place of employment or occupy quarters owned or under the control of the employer, then the employer may not charge rent in excess of the values listed herein.Another property owner that I know provided me with the two scenarios that I listed in my original posting.

I thought that I might ask for 1000.00 from eash at 9%, that way all you rich people out the will think that's not much to loose if this guy desides to go to the bahama's or something.

The banks are getting much more strict and are requiring money in the bank as well as a stronger credit score (620-640).Subprime banks have a lot of pressure to keep their foreclosure rate down because they can loose their license if a certain percentage of loans go into foreclosure.If you have any more questions, please let me know.Phil Altieri :superman:

THAT IS MUCH MORE IMPORTANT than saving more money or how much money you have.accredited investors (those that have income exceeding 200k a year or a net worth of over 1 million) have only one thing - EXCESSIVE CASH.

r2d246,You are playing fast and loose with the numbers.

For a 25% minimum pricing gap, in order for me to invest 10% in the actual fixing up.It seems excessive.

Whats to loose.

So she turned me loose.