The market there is hot and finding fat deals may be tough to do.

So when the person we bought it from failed to make the rent payment shortly after we rescued them and they do most of them do anyway.. we could go in rehab and resell and make our profits. of course we are talking about 200 to 700k props. no 10 to 30k distressed mid west assets.. it was usually 20 to 50k just to bring them current. no equity sandwhich is a big FAT loser long term.

The trick alot of GCs do is they know your out of state and not going to be at the site everyday, so they take your money and say I'll get around to that job when I can, in the meantime they are spending your money on a boat they just bought. 

This water bill can in the thousands or 10 of thousands.In short, what device do you have or use to detect pipe burst or constant running water?

@Stanley Bronstein Yes you can.  In

I know it's a controversial topic, so I'm going to be as meat and potatoes as I can in my discussion, but I started my own thread so I could give updates over time and not "bother" anyone else.

Contribute whatever you can, in terms of cash, work, whatever. 

So- you can in the course of your due diligence ask for the name of the company that pumped or serviced the tanks or fields over the last 3 years.

The original wires are connected to the new breaker box.The home inspector should have at least the "plug with three neon lights" tester (which tells you if you have a ground at an outlet or not) and the "fat pen with the end that lights up" tester (which tells you if a wire is live or not, without touching it). 

Your not buying a debt from "Fat Tony" Salerno.