All of my properties are student rentals, which helps offset payment risk because most students are paying with a combination of student loans, grants, stipends, or academic/athletic scholarships that are pre-funded before any pandemic hits.

Does anyone have experience acquiring property through the Allegheny County vacant property recovery program?

Hi I am 21 years old and a college athlete interested in real estate.

The loss would be $30k plus rehab fees x Y probability - recovery after court vs $5-15k savings guaranteedGetting a signed deed in escrow but not recording it until the property is sold to the final party (and the flipper/owner have both gotten paid somehow) OR the flipper has paid the 100k in cash as per the agreement if the seller is potentially reneging, could also work. 

There is no reason for next of kin to probate the estate as the mortgage is the only property and all funds will go to Medicaid Recovery. 

@Mark Mynhier  not sure about CA.. but in Oregon to be a licensed contractor you need a 20 to 50K bond and insurance.. the bond may allow some recovery.. plus most contractors don't want complaints filed against them..

The bullish appreciation that we have seen from the 2012-2016 recovery is now beginning to plateau and level off.

Not that there isn't money to be made there, it just seems like there are several variables to its recovery right now.Oh yeah, and welcome to the forum.

Do you really think this is going to be a mild recovery?

I revisited the idea two more times (2007 & 2010) but hit roadblocks, got discouraged, and decided to work on my college education, get a cosmetology license, open up a small makeup boutique (which is now closed) & focus on my three student athletes.