Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

From what I know of the sponsor’s background, they have NO basis to believe they can successfully navigate the very complicated business of revitalizing a name brand via on line sales only.  

Today its nothing one sale maybe 4 in a year in a mid west market..

More importantly, does anyone have an outlet that will appraise the property off of an income-based approach appraisal and not sales comparisons?

Well, how much is the lot for sale for?

And last but not least, the sale listing.

It’s unnecessary and potentially problematic to add the ex-partner to the title before the sale.

I would take all of the details of your current properties, project what the sale would be, and what does that leave you to invest?

We don't want to bring on every owner or every property unless they fit within our target market, so, I do the far majority of the sales - this is our check and balance.