That means your comps need to be similar to the subject or if a comp is used that is not similar, the adjustment can not exceed the adjustment per centages (10%), when you have two that are not similar your total adjustments will usually be exceeded.That basically means that burm and underground homes are rarely financed in the secondary market.....I know, I did two of them and it was like pulling hen's teeth, as I recall the LTV was 70 or 75% too.So this will limit yoiur market to cash buyers or those obtaining portfolio bank financing usually at a low LTV, forget about selling to the average family with 10% down.To get rid of it, you may need to seller finance it long term.

By the time I finish all the work on the property, it's already under contract and on the way to the closing table (minimal holding cost, or none whatsoever).There's a lot of competition out there.

These have been on the market anywhere from a couple months to nearly a year, and in some cases have been receiving no offers whatsoever as indicated by the listing agent.

Once you show your teeth and that you will not put up with late rent they will either pull their finger out or move on.4.

A ton of thinks (since this was the project I cut my teeth on.)

If she pays the bills on time and otherwise follows the rental agreement the number of teeth is not a valid reason to take action.

Either the Attorney didn't know the law or was trying to snowball me but it was like pulling teeth to get our money.

I have no problems with that - but this woman just this past weekend entered into my apartment forcibly, did not give us any notice whatsoever.

Weathie: Thanx for the response, you are totally right, this property will never be a winner in terms of cash flow and its keeping all my money tied up, I guess it's just hard to sell it since it's been in the family for over 20 years (you know how it is, emotional ettachment lol) As for the triplex thing everything was done by the book, 3 appartment approved by the city and ive got the right zonage so no problems there.Here's my financial situation : I have a full time job earning me 43 000$/year plus benefits, I've got no debt whatsoever, and I don't have any savings except for the money in this property, a small 3000$ in the bank and my retirement account wich I can't touch.

By the way, I don't live in the US and I checked with the local post office here, but they would not give me any information whatsoever, no forwarding address or anything..So, I tottaly agree with Michael_Quarles when he said: It doesnt matter what the letter says if you leave it at an abandond house...But I would still like to hear something about the content of such a letter, let's say the home is not abandoned, just empty and you don't know who's taking care of the place.. you would want to leave a simple note, what would you write ?