I've been checking up on them, and was recently astounded when they told us they would not be paying our supplemental tax bill (the difference between the old tax bill and new one based on purchase price of the condo).

Here are a few things that I have learned over the years that might supplement the spreadsheet discussion:- you never understand the full extend of the rehab until the demo is complete!

The following year LBJ got the Child nutrition act passed and he continued expanding that aid to families with dependent children, AFDC.

I personally feel blessed with my job and am not looking to quit, at this point I'm looking to supplement, but I like exploring the possibilities of REI.

However, if your goal is to cashflow and maximize supplementing your income, I'd pursue a lower priced investment home.

You'll have more cash on the outside to supplement. 

If I choose 'Individualized Assessment', can't I ignore all the items in the Inclusive screening criteria (Can't use credit score, can't use eviction depending on when, can't use criminal records depending on when, etc) and just use what I have been normally using (Credit score of 650, no evictions, no criminal record, etc) WITH THE EXCEPTION of allowing the applicant to provide supplemental evidence as to why I should consider them as a tenant.

Looks like a pretty good site....Just looking for any advantage I can get on foreclosures, deals, etc....I plan on using this site as a supplement to other methods...just another part of the deal making arsenal.Please share your thoughts on the website, thanks.

Grow your career and income, max the 401k, then consider the real estate to supplement it.

@Nicholas Morgan -  I would do this deal if you have other income to supplement you when things go wrong (which they will).