They could easily put anyone they want in, but trust me, that can cost a FORTUNE later.

It will cost a little more to install tile hardwood floors and other low cost installs.Increasing Rent-  I expect the rent to increase as this area takes off.

After they scare the crap out of you get ready for a bid that will probably cost as much as the house.

Cost a couple of hundred bucks, and he said it was pretty solid.

I know here in Modesto Harmony homes and Chad Costa of Remax handle alot of REOs.

How can an inexperienced investor negotiate closing costas low as humanly possible on a REO property ?

INSPECTION; BUYER(s)' ELECTION TO TERMINATE:This contract is subject to the right of the BUYER(s) to obtain at the BUYER(s)' sole cost, a home inspection of the premises by consultants(s) of the BUYER(s) own choosing within (10) days after the SELLER(s)' execution of this Contract or no later than _____________.

These are all big ticket items that cost a lot of $$$ to update and repair.

I had to settle on the property so it cost a total of about $2500.

You are stating your cost as $75,500.This would not normally be a buy for me because it does not meet my required return and I have to do my own management.I hope that helps.