SFH, winterized, vacant and in dire need of some TLC.

I am in dire need of comps for a few properties, current way and other sites aren't cutting it anymore, In return I promise to use your services when ready to list to retail buyers or put your name for a percentage.

It was a home that was in dire need of repair/work and was being sold at a very low price (44,000) in an area where houses were valued at 100K.

I am considering signing a 5 year long term lease with her to rent the property for about $1,000/month which is less than comps, but the house is in dire disrepair.

Hello BiggerPockets community,I am in dire need of some great rehab contractors, general inspectors, and  builder. feel free to refer any great contractors you might have. 

I can see where people in dire financial straits wouldn't make the most reliable tenants, but I've also known honest hard-working people who have just found themselves in tough financial situations by buying a house without fully understanding what they were getting into, (or they run into unexpected life events like divorce or death where they suddenly find themselves without the resources they had previously counted on), and offering a solution where their monthly expenses are reduced and they are freed of some of the burdens of home ownership would be just what they need. 

Once you get rolling with it, you'll probably find more money than you can find deals for.With all the dire sooth being said about what's on the horizon for Wall Street, a lot of folks will be looking for safer places to park their retirement money, even short-term.

Until you realize you were in over head and the two solutions were BK or continue.I (family & kids) would have been happier if I were a carpenter along side Joseph :grin:You could paint the same dire outlook for any job/career.  

@Conrad Metzenberg,I think you're going to see values remain high and either trail off in some places as supply slowly increases, or possibly surge if lending is loosened and pent up demand is released.If any of the dire sooth being said about the dollar comes about, all bets are off.

If a real estate downturn hits, you can lose significant capital, and then you would be in dire straits.What I really recommend is taking a step back and talking to a financial planner who understands alternative investments like real estate.