Another house had zero interior pictures on the MLS - it was horribly outdated, and the new owner has put in at least $100,000 in upgrades so it, too was underpriced.

With the new flood insurance act that just went in place Oct 1, the news is full of horrible flood insurance premium stories, so nice to hear a positive one!

Please take note that for the next 2-4 years the only thing you will get is $2500- the 20% on the back is only when the house sells in 2-4 years at which time it will probably need to be renovated again and you have no idea if he will sell in 2-4 years.I think you have better luck finding a rental getting a mortgage and renting it out, having a run of tenants then eventually selling the house- At least then you will get the monthly cash flow till you sell instead of $2500 upfront and future money in 2-4 years assuming he doesn't ruin your credit during that time.Sorry that I sound so horrible maybe I need coffee.

He had a little dog that would relieve himself in the house, and the kitchen looked like a dozen science projects gone horribly wrong.

I can't tell you how many times I've been able to buy a house for less or saw them listed and walked because some garbage contractor that was probably found for pennies on the dollar (or a homeowner DIY job) did absolutely horrible--sometimes unsafe--work in a house.

She does horrible work. 

It was a horrible partnership and turned the friend into someone who I didn't want in any part of my life as the partnership was dissolving (and I haven't really spoken to this person since).  

The cost to replace the concrete in a cracked driveway may eat up a few months profits but it won't kill you.If things were going as horribly wrong as you're afraid they will, there wouldn't be a whole bunch of us fighting to buy investment property.2) Fear of failure:Most of us don't ever start because we are afraid of failing.  

There 1000 properties in Southwest Jackson MS that will cash flow like crazy...I can pick them up for 5-10k...I haven't bought any of them b/c they are in horrible areas.

Let's say the quick and dirty is, I (like so many) investors had taken too many courses from national speakers in TX, FL (and everywhere NOT in New England), and had still not done a deal. I forced myself to do a dea...