Of course there is the element of risk.

hello my name is mike Iam a novice at real estate investing however I want to obtain this property but need funding to rehab and get the taxes paid up the story is as follows, I found a very run down property in my neighborhood the owner owns the property with no mortgage, however he is in jail and owes approximately 55,000 in back taxes the property has been abandon since 2007 and left to the elements the owner only wants 10,000 for the property after its sold and rehabbed, I have terrible credit and no money to put into this home only what the property is worth and at this point with it being so rundown I don't know what that would be, hehe's willing to quit claim it to me for nothing at this point, until its rehabilitated like i stated before but I only have till July 17 to pay the 2009 taxes that were sold or the whole deal goes away I have been wrecking my brain on how to get this done with nothing but my ambition however I've come short of creative ways to do this I want the property as an investment and wholesaling it doesn't seem to be viable because the taxes are so delinquent can someome please help me

@Pedro Amador Some of the the best ways to find off market commercial and multifamily properties is to compile lists from city and county websites if available or through a paid service like List source, Reonomy and CoStar or you can use free resources like Loopnet, CREXI, Ten-X commercial, Craigslist, tax database, general networking, brokers, property managers, title companies, environmental consultants, building inspection companies, appraisers, landscapers and other companies that service commercial and multifamily properties and driving for dollars.The real key is in how you approach the owners and then the follow up.

Can you add additional landscape elements to compliment your choice color?

You can link to the FDEP's (Florida Department of Environmental Protection) main page on brownfields at: http://www.dep.state.fl.us/waste/categories/brownf...

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Life Company Carveouts basically say that if you file for bankruptcy, commit fraud or misrepresentation, or have an environmental issue, the recourse is triggered.

Appraisal, Inspection, Fire system inspection,  and Phase I Environmental Assessment to name a few possible costs.  

The human element does exist, and that can be particularly meaningful to people such as yourself.Good luck!

That's the most important element of the contract.