The earth around it has seemed to sag very little.

The things we think of as solid are just energy; the things we think of as liquid are just energy; the earth is energy; the sky is energy; we are energy.

There are several reasons for this including the high cost to develop ($100-200K plus into earth work before you even get a building up which means you have to erect 15-20,000 square feet for the project to be viable)----Basically you need to swing for the fences and then be able to feed the alligator (negative cash flow) for 18-36 months unless you are in a VERY hot market. 

I hate to be harsh but What on earth do you mean you suspect this and that ?

How on earth are the maintenance fee's averaging $21K per year?

I don't do residential but WHY on Earth would you want FHA?

The sky is really high, it takes a long time to hit earth.

Also if your actually finding deals at 65% minus rehab.. why on earth would you wholesale those..

so Why on earth did you not have any reserves or a line of credit when you bought this .

As long, she has a phone/internet/fax/google earth maps, etc. .....she can have a virtual reo business going on from the comfort of her home.