It needed new carpet, and it had wallpaper on every wall in every room, so I was going to have that stripped and then paint all the rooms (1000 sqft slab 3 bed 1 bath home).Otherwise, it was ready to go. 

chuck, not really. i put a timer so that the humidity from the shower does not create mold in the bathroom. i just purchased a house that had wall paper in the bathroom and no fan. when i peeled the wall paper off, 100% of the area underneath had surface mold. when you put a timer, people tend to hit "20 mins" and in those 20 mins the moisture in the air is gone.

Hello, I've noticed that some people have their name Displayed as First Name Last Initial.

I've been in many homes that from the outside I thought there would be extensive work required only to find that fresh paint or removing wall paper was all that was needed to be marketable.I'm saying, go look at yourself first before you involve others , waste their time once shame on you, waste their time again, shame on them for going with you.Now, driving by, knowing the area and your market, you should know the top end value of a home similar to what you're driving by.

Never buy a property without checking that the # beds/baths matches that on record (ie, dept buildings records, city/county asessor's/tax record details for the property, and/or certificate of occupancy).many city/county departments of building records will even display the active C of O on their website which typically spells out the # of stories, bedrooms, bathroom, and if a basement present, if it is full or partial, finished or unfinished. any work done would update the C of O (ie, a garage later added would show some sort of addendum file to the C of O).again, if occupants are 'using the basement for sleeping' that a big red flag for prospect buyers to now do their homework and find out if that's a violation/liability or not based on official records. 

The areas of the building that may need fixing or areas of concern that I know of:I don't know the condition of the third floor apartment (could be a mess....or not).Second floor apartment and basement needs exterminator (bed bugs)main hallway needs updating (paint, wallpaper, tiling)Front door may need fixing or replacementbackyard needs cleaning (only myself in main floor apt has access)boiler may need replacingelectrical wiring needs to be checkedI will definitely need a home inspector.  

Got a question for those of you that have bidded on and purchased REO properties off of Hubzu.When they have a "Own It Now" price displayed, if I was to win the auction for less (much less) than the Own It Now price, is their counter going to be a little less than that, or is that just going to be what they counter with regardless in your experience?

Not selling anything in the above post; was displaying some of my business plan..

You know patients is key when operating in the capacity of a wholesaler and it seems you displayed that throughout great job!

She taught me how to look past the peeling wallpaper, the missing appliances and the pet urine smell.