Hello-For the last several years I have been building mostly Mediterranean style custom homes in Dallas, Texas with my partner at Veranda Fine Homes.

It depends, if it is only a wall or two I would probably paint it especially if the home has a cape cod/ cottage style/feel to it.

Each property is influenced by different variables, while they may be similar they are not the same.The similarities, general type, style, location, price level can be assessed as to value but not performance so much.

If I know it is a real steal, I will go ahead and grab it, but not worry too much about amassing a stockpile of things.I tend to be overly organized, so thought having some things handy and certain styles ahead of time might direct some of the choices during the rehab.Have read up on most of the posts here, but will also check out the pod casts - thanks for the tip!

Here's a partial solution and would like to get some feedback.I would like to start targeting houses I come across on the MLS that fit my criteria.Once I find the houses,send a letter directly to the owners with a cash offer low enough in my mind that should cover most if not all repairs,along with the expected holding costs and final numbers as they pertain to a good deal.The letter would emphasize a fast closing with the inspection as the only contingency.Obviously,I would do as much due diligence before hand on home styles I am most comfortable and familiar with.If the seller is interested in my low offer,he would have the real estate agent call me and set up a showing.Once I see the house with a contractor,at that point I can state we'll go into contract or pass.

It's guru spiel, it's the style and under the radar marketing I don't care for.

It's a little more 30+/family oriented, but still close enough to enjoy wrigleyville and the park.

Thinking 1950's buy the style since it matches my late grandfathers place.My first thought is that I need an engineer to come visit to see if the building is salvageable.Lots are going from 18,000 to 32,000 in this neighborhoodComps for is area come back at the followingSqft $95.50Average selling price $62,500This is the UGLIEST cabin in the area.Here is the kickerMost of the houses near by are actually about 1800 plus sqft and comp for $210,000It will need the following:complete gut and remodel ($45,000)At least two dumpsters ($1000)The garage structure may not be stable?

I want to get into real estate because it seems the most secure and beneficial way to help my family and lead the life style I want. 

@Karen Margrave John has committed to do a J Scott-style blow by blow of two of our development projects.