When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates.

I would make sure you speak with a land use attorney on this

Hope that helps anyone else if you're following along or interested in these discussions. 

This is as goofy lot, especially since they let the front lot go.

What made you interested in investing in this type of deal?

This question seem pretty naïve for someone that's flipped about 30 houses. 

I've been interested in real estate for as long as I can remember.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

This is a revision of my old post on this timely topic.

This will clarify and reinforce what you are reading.