You will receive valuable advice on how to proceed and hopefully, keep you in the black (not the red).Also, to elaborate on what Nick stated, the "G" word "Guru" is looked on as a negative noun because we think that gurus are greedy money grabbing crooks who take advantage of poor unsuspecting newbies hungry for RE education and they prey on that.

And they actually did a pretty good job -- enough that I have a feeling some unsuspecting buyer will get this property at an upcoming auction and not know until too late what he is facing.

And by the way, kudos on your integrity for not trying to pawn it off on an unsuspecting newbie.

I can't stand gurus or what they stand for (which is take money from unsuspecting people looking for pipe dreams that can not be delivered without actual work and effort!)

But, I also believe that many rehabbers will try to get rid of their marginal (or not even marginal) deals to unsuspecting beginners, and because they are rehabbers themselves, they would know what to say and how to say it to convince the less experienced investor to buy a less-than-great deal.Of course this isn't always the case.

To be completely frank, i think these suggestions are made by people who make more money selling goods and ideas to unsuspecting people than they do actually transacting real estate.Under no circumstances would I ever tell someone to place fake Craigslist ads.

The banks are the most to blame and quite frankly, caused the inflated pricing which was artificial anyways, now expecting the unsuspecting homeowners to pony up for the losses.

Then sell it to an unsuspecting buyer for a profit.

Of course it was the idoit lenders who should not have taken that loan in the first place, but water under the bridge now.Point is, there will always be someone who acts irresponsibly, unethically, or ignorantly and new rules and regulations will have to be put in place to protect the innocent and unsuspecting.

Or perhaps you do, but you found a way to market homes to unsuspecting Illegals and you are going to dump these people in my back yard.