Unless they decide to go on a rampage since then, their general manner of living is going to be what it is. 

I feel like i have found the one missing piece on this journey, i will level with you all, i am terrified of starting this because in the past (2005) I tried to flip a house in CA and it was a disaster, a perfect example of what not to do, and although i learned a great deal as a result i lost a ton of money, ended up bankrupt and also learn to be afraid.

Hello Erik congrats on looking at your first deal both exciting and freaking terrifying at the same time here are some of my thoughts and they are just that my thoughts take from them what you will.Area- Good area, and good size house.

I've just purchased my second property out of foreclosure, and for any newbie who hasn't done this, it can be absolutely terrifying.

I'm equally excited and energized....and totally terrified!

I have seen some absolutely terrifying scenarios, firsthand. 

Turns out every one I encountered my cash buyers wouldn't touch them with a 10 foot pole. 1) They had concerns that any property they renovated by the water would just sit because everyone would be terrified that another Sandy would come along and 2) The new requirement to raise Sandy affected homes by 2 feet made the repair costs prohibitive.

Now I’m terrified of making a mistake with someone else’s money….I’ve been listening to some podcasts that are very encouraging.

@Anthony Heyward If by "exciting" you mean "terrifyingly stressful", yeah!  

It is exciting and terrifying at the same time.