I found that LOWES is now in the GC business, and their pockets are deep, so you can imagine that they are going to pay their subs regardless of the lender draw schedule, which is great fo me.

Where was I...Find a good contract, and find a good investor friendly attorney (closing agent).These are just a minimal set of steps... but consider this..and I said this before when I was still like you.. a mere mortal...Imagine a curved stair way.

@Jesse Smith I am by no means and expert but looking at the pictures I would imagine that at one point the house had lead paint on it (hence the redness in areas) but was at one point stripped and painted over. 

The foundation is poured slab.

I imagine you are quite busy if your passion for ethics brings you to this discussion, you wouldn't be bringing this up with only wholesalers on bigger pockets would you? 

I can only imagine a lot of potential sellers are just hanging on for a while.

I imagine it wouldn’t do much for me, especially trying to secure a mortgage.

I imagine a lot of the foreclosed investors could have stayed afloat...kept their properties...using retirement savings but chose not to throw good money after bad.

Our Crystal Ball energized by Economics and armed with the IRR calculations told us to buy here in NYC despite all of the bad advice given to us that it's too expensive.We've heard that same comment for the last 21 years and we will hear it again for the next 21 years.I don't pay attention to Gurus, Posters or anyone else.I only pay attention to the Economics and the IRR.You can only imagine how much we made owning NYC properties over a 21 year holding period, accumulating 8 multi-family buildings.It has been phenomenal!

The houses are fine, they're going for around $70k or so, but none of them are really being poured into so there are few available comps.