.$11k is a pretty small profit unless you are doing volume.Be patient and the right situation and deal will arise.

At the very least, it will stay on both their court records and their credit reports for 7 years so you will at least have the satisfaction of knowing they will have to live with that.

It just means you have to look harder in the areas you know, stay patient, and look for “forced appreciation” opportunities, situations where an investment is based on taking a current “non-papering” property to a better place based on vision and a plan specific to that property.

Be patient and your parents will crawl out of the hole.

@Aaron BassettEven tho we are a turn key operator I believe if your patient enough and spend enough time building the trust and relationship with the right people you could establish a great team on the ground and not necessarily need to buy turn key.Thanks and have a great day.

Nice kitchen and bathroom are huge for satisfaction.

By adjusting your point of view, you can dramatically increase your satisfaction in life while simultaneously building your REI portfolio.How many landlords have walked into their resident's places only to find 60" flat screen TVs with a really nice sound system while the landlord's old 27" CRT TV (w/ no sound system) is sitting at home?

I'll be patient, and after the place is rehabbed and filled (3 units), I'll ask the bank contact what she'd like to see for seasoning.

The fact that she (my CPA) didn't laugh me out of the office, as many others did, and instead patiently hung around while I evolved as an investor and a business person is huge notch in her belt...!

It probably won't meet your 90 day criteria but if you hang on and are patient you can find a deal.