You never know what your tenants are going to do under this weird time of eviction moratoriums, government intervention, rent strike talk, etc.

Doing this will give you a sense of how other bidders behave in the auction and of where your strike price compares with the final sale price. 

It turned out there rents were way below market, which was a strike against it, and the back of the barn, where I wanted to put an artist's studio for myself, was in need of renovation. 

That strikes a nice balance between keeping it cost effective but nice.3.

I was really hoping a great deal like this would be able to help me out on the back end of it of even if I strike out then they will get the property.Talked to one lender this morning and he said he would prefer 20% but have seen where 15% down is done. 

The reason for an attorney is mostly asset protection.I want a guy to help direct moving from a personal loan to an LLC and advise all avenues to help protect me.Lastly, my wife and I are both high income earners and should disaster strike via bankruptcy, lawsuit, etc I want to limit her exposure as much as possible.Out of curiosity chinmay did you go to penn state?

What strikes me is that I would have sworn that these were just rental areas, but then I see quite a few high dollar retail sales occurring on rehabbed houses in the immediate area, and so I'm looking at a couple of them as possible flips now.In some of these lower areas, if you do a very nice rehab, your buyer can tap into targeted down payment assistance programs made available by the city/county/state, or sometimes even a HUD program.

I'm not saying you can't strike out on your own and start your real estate career right this very minute.

I'm interested in discussing a full time or part time partnership (or some variation thereof) with a resident of the area, if anyone is interested; it strikes me that two motivated beginners may be better than one, especially in terms of mutual motivation and establishing (and then exceeding) comfort zones.

They were unable to pull it, so I did some research on and basically found an article that said that they lightning strike caused water and smoke damage.