I've seen credits that are 75% of the monthly rent and higher.This is a great option because so many sellers are clueless.Great points there, this is sort of the wild west for a educated buyer to take advantage of an uneducated seller pretending to be educated.

As her closest neighbor, I'm not wild about the prospect of it sitting empty for years, reverting to the city in probate and..then what?

Investment Info:

Single-family residence buy & hold investment in Old Orchard Beach.

Purchase price: $280,000

Cash invested: $15,000

Condo located close to the beach on a golf course. 3 Bedrooms ...

If you're looking into investing in Phoenix, just make sure you have a good understanding of the submarkets and the respective neigborhood "grades" as the demographics and home values can swing wildly by just a block or two in some areas.

Typical story myself...wild night in Vegas, don't remember much, woke up a landlord!

You wild Jay, you wild.

Shortly thereafter, there were mushrooms on all of the walls.

But the rehab on our current residence went wildly over budget (1840s house coupled with insane Boston-specific issues getting contractors) and then we had a little accident (my beautiful 1-year-old son) and between the HELOC payment to cover the overage on the rehab and the extra $1500+ we're spending on the kid's childcare, college savings, and plastic kid crap I am now much farther away.And no, we're not moving.

Duplex listings range wildly from $240kish-$300k.

Has anybody seen these be wildly off come putting a property back on the market for a flip?