I've also seen cases in the Bronx where Phase 1 report doesn't provide any conclusion and only suspicion because there used to be a dry cleaner on the block 50 years ago, that obligates owner to do a Phase 2 which cost tens of thousands which conclude that it's clean after.

Daily I listen to podcasts and read online about the different strategies of investing which is why I have come to the conclusion that purchasing and holding rental properties is a good start.

Okay…way too early to draw any conclusions totals are:Rich Dad 4Nouveau Riche 2Carlton Sheets 2Russ Whitney’s (WIN) 1Robert Allen1Trump University 1For those checking my math the OP’s posting counts as 1 because they can’t vote for their own post ;-) Hopefully the formatting above will come out okay.

Hey Adam, I think you came to the right conclusion on this duplex. 

Oh, BTW - where I go, we have sheriff sales indoors, not outside on the steps.Christopher's post is correct in that these are often homes that have been neglected while the owners had financial difficulties; repair bills can mount quickly.What Curt describes is not allowed where I bid at sheriff sale; if the bidder can't put up money to secure their interest, the property is re-sold before the conclusion of that day's sale.So, I think what we have is a bunch of varying rules and practices that are very localized - so one of the the most important things is to know what the local rules are for the foreclosure auction.

My conclusion is that student landlording takes disproportionately more time and money than renting to regular renters.

The studies are pretty conclusive that you get 10% less in price by circumventing an agent when selling your home.

I am guessing other investors have made similar conclusions and that is why it has been on the market for so long.Regardless, I am basically wondering if making standing offers on over priced properties is a good strategy.

I agree with Dion assessment of your cash needs in the sale of the property and conclusion about seller finance not being your best course of action!

I"ve come to the conclusion , that the cost of living is just lower in ohio.