Based off of that experience and your description of the property I don't think you are in a good position.

For the golfing fans out there, perhaps another geographical reference point will do.  

It's hard to know the accuracy of your -$68 cashflow because it's dependent on the estimates that you've made for your vacancy rate, property maintenance expenses and capex.From your description, it appears as though you have been pretty conservative in your numbers by factoring in capex and rehabbing the property proactively.

A couple of reasons why commissions may be higher in the US: (1) we have one of the most litigious societies in the world, and need to reserve more money for E & O insurance; and (2) we're also more geographically dispersed - I guarantee that a DFW-area Realtor drives a lot more miles than one in Tokyo or London.Legal cartel?  

Not likely to find a list of "hoarders" unless you do some geographic marketing and a relative/friend refers you to the situation.

Your description of my strategy is perfect and I am open to JV as well so please reach out at any time and good luck to you as well!

From your description of the support you provide on projects currently , I would call what you do an "expeditor", not an active project manager.

Description of the sale might as well say, "Looking for a sucker!"

I was hoping by posting the descriptions here somebody could help explain it to me and the process of acquiring a property like this.So the listing says "For Sale by Owner $9,999"In the description it reads, "Home has several liens including a Federal lien.

Sounds like we have very similar models, and there are a few properties around here that fit that description.