Good morning all, I need to simplify my thinking.I have meetings In Dayton in the next few weeks to discuss how I can benefit the immediate community in which have been active.Meetings are to be scheduled with Catholic charities, Several veterans organizations, The state department who places refugees in the area (predominantly from Nepal) and who prefer a pocket in town that is particularly inexpensive) My original plan was to offer housing on a room by room basis That will be fully supported with services including lawn care and maintenance, and all utilities included.

In most States the Department of Agriculture has an office called the Cooperative Extension Office that works with local farmers and the community.

In PA, it's usually a county department.

Check with your building regs department and see if it is available to build on, some or most or all of it could be limited as green space, water retention, flood plain or other issues as it is built up all around the subject property.If it is available, you said it could be obtained cheaply, how would you know that....is it listed?

Jason lots of fraud and criminals out there trying to make a quick buck.You could be sucked in and chosen "guilty by association" in the deal.We have a saying in the business.This deal has "too much hair on it" and you need to walk away.Many of these techniques with short sales squeaked by 3 or 4 years ago before bank guidelines were in place.Now with systems you cannot get away with anything if you wanted to.Before there were shades of grey that were closed out.I would see buyers write up a bill of sale and pay the seller 4,000 for JUNK for personal property.At the time certain things didn't have to be disclosed.Short sales made up only about 1 percent of loans when the market just started turning.So anyone looking at short sale techniques make sure they work TODAY and not from years ago.You will pay dearly for using old techniques that can get you in trouble that are not allowed today.You have to adapt and structure deals to stay in compliance with the ever changing laws.

I have checked with the S8 department to verify market rents.

My last job was working for the OU Athletic Department.

We do a BBQ and get the fire department to ride up in the fire truck for the kids.

Mary,call the police and the city building department and you will know I guess.If I ignore your red flags, this deal looks okay.

It's a called a "waiver of deficiency" letter and do not close without it.Do not believe anything the bank says unless it is in writing.You also have to know which department you are talking to.You can get conflicting information depending on if you are talking to customer service,collections,loss mitigation,the short sale department,bankruptcy department,and the foreclosure department.In big banks these are all separate but in some local to regional banks one person might be handling multiple departments.They will all look at it differently with various goals in mind for the the loan file.