Steve Job's lived in a modest house, in a regular neighborhood -- no gates or anything.

You say 25 units but do not list the size of the parcel.When building out a new apartment building you will project rents for the income approach.Will your apartment building have a pool,in suite laundry,small clubhouse,what kind of parking,gated??

I have never heard about Bill Gates or Steve Jobs going back to finish college after starting their businesses.

Its also a higher crime area.....I worry about leaving my car parked there.But there are some new areas that are gated, so maybe thats what you are looking for?

Anyone who is really working this business has to be about as excited about todays market as a child at the gates of Disney Land!

Also tell us of your background I am sure you didn't start in REI right from the gate like myself.

So if one was to attempt terms like this (I had been thinking about it a lot lately) The best way to set it up with the lowest risk from what I'm reading in your post would be to make the offer assignable and put some money down say 10-20% to help eliminate the risk of being upside down right out of the gate?

A recent one is a broken gate to the yard in which there is a swimming pool.

I will soon have to replace the gate, though, and I'd like to avoid that, lol.

I wouldn't discard a preforeclosure just because the price range is higher as long as I'm comfortable working on that level.Here are some tricks that I've used to get into gated communities in the higher end properties.