Then we review the submitted file items and come back with questions or ask for additional documents it is a normal process.

Coffered ceilings, low corner additions etc.Anyone can slap lipstick on a pig, looking for high value add in high demand markets is where the $ is.

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

I like to look for locations that are good, and that I’d feel safe and comfortable living in if I was a single woman with a couple of kids.

In addition to PH I believe he also checks chlorine level, salt level and total dissolved solids. 

In addition, the gas bills have shut off notices and are not being paid. (3 units are occupied and utilities are all paid by owner).

Remember, the seller is someone so desperate that they are allowing an 18 year old kid to flip the contract to sell their home.

Additional Considerations:Professional Development: My wife's workin on obtainin real estate professional status.Education: I'm considerin pursuing the Certified Commercial Investment Member (CCIM) designation to enhance my knowledge and network in commercial real estate.Request: Any thoughts on the CCIM designation or other groups that could support my growth?

In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

The property was in a great market but needed full cosmetic rehab and a basement finish to add an additional bedroom which in return would bring up resale value.