50% of ARV usually implies some work is needed. 50% of the value of nearby, similar properties that have sold recently?

The strategy that Rob implied would only work should the seller file BK.

Something didn't sit right with me, and they implied during our conversation that none of the professional PM managed properties would deal with them.

I think you implied you would be OK with 10% interest if it were long term - There's some CA HM out there for longer term - say 9.9% 8 years fixed interest only 60%LTV.The fix and flip HM - I know of 1 where you can pull off a $100K fixer with the kind of cash you have on hand - need about $30K per $100K borrowed and they lend 65% on future value which is rare these days.It depends on your target property characteristics.

Buying the tax lien or tax certificate should (I have yet to try to figure these out in detail) get you paid whatever those things get paid, eventually.Didn't mean to imply I though the question was dumb.

I was a little concerned about the part where Josh implied he was going to write a course on "how to run a successful REI website" and go on a speaking tour, but I'm sure there is a plan in there somewhere.

I would never say that you just don't get it (implying that you are stupid) because you reached a different conclusion than I.

With each transfer, title had to be examined and entries made, the current transfer would become the first page and in some cases possession of the abstract itself implied an ownership interest.

It is pretty hard to really identify this, as true "giving" implies keeping no account of the gift - which means that if anything good happens in return, you can 'sort of' attribute it to the giving, but as that is not really the point, it is usually not done.I believe that I have benefited from giving, but the benefits don't directly relate to the gift.

If they put money aside from profits and keep re-imaging to keep new and fresh they thrive.If they never re-image they get old and tired and start having problems.I don't think I implied that I don't have an emergency fund for expenses.