I am interested in the property and think I can work on it with me and my buddy to fix it with 6 months and restore it with sum of 75,000.00 (without my labor costs but my buddy labor costs included).Question:How much should I offer?

I've been considering it myself because my schedule is unorthodox and I don't want to miss calls just because I'm getting some rest (or sacrifice sleep to talk to folks.

Joe can build himself back up, restore his own credit and in the future obtain his own loan to purchase the property from Mike.

nothing you can do about their data bases, your ssn and your shredder play no part to this epidemic... yes it is the fastest growing crime in the world right now, but less than 25 percent of it is finanacial, and most identity theft protection will only cover financial, and by cover i mean monitor, when the identity is stolen, they will send you a kit that will literally take you hundreds of hours to restore your identity!

I had a major flood in one of rental properties in the northwest suburbs of Chicago on July 23, 2011 where I had to get a contractor to DEMO and restore the basement for my tenants.

I believe that in pretty much ANY state, the Landlord Tenant Laws states something to the effect that "landlord may withhold from the security deposit amounts that are reasonably necessary for (a) rent or other amounts due the landlord and (b) to restore the unit to it's condition at the commencement of the tenancy".

.), you'd be surprised how rapidly you'd go through that $60,000 trying to restore the "walls" to their former glory.

I have spent $15,000 in fully restoring the basement for my tenants.

Any insurance claims for damages to the property were settled when the property was restored to full operating condition.Seller dislosure tells you about any defects with the property that you may not be able to see.

I have since learned a lot about those deals, it talks a lot of knowledge in fire restoration. the smell can linger forever if not done right!!