Not to be a negative penny, BP also has a flipping book which I am sure is great because @J Scott wrote it.

The statistics that @David Krulac posted are very similar to what I see in my area, with regards to properties in foreclosure and sheriff sales.

So far :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Be involved & successfully close at least 4 – 5 transaction per quarter.Reduce my personal debt by at least 34%.Keep removing negative individuals out of my personal space.Keep moving forward with my plans to purchase multi-family properties.Increase my personal net income by at least 21%Spend at least one week in Florida ( Disney )Work on obtaining broker license and CCIM.Spend one or two days volunteering my time.Read and learn from at least five real estate books per quarter.Work on business plan.Enhance my personal physique.

I have found that the larger % rates cannot almost negate 15% of a down payment.

This passes the 50% rule (before renovation) even if i put down 3.5% and owner occupy (which I'm considering)One negative factor is that even though it's listed at 180k, it's tax assessed over $400k (meaning 6k in taxes!).

I have it configured this way because statistically speaking, according to past industry "market testing" you get more conversions when you force signups.

The people in default are extremely sensitive and will view your actions through glasses of negativity, so treat them the way you would want to be treated if you were in their situation.

Putting the numbers in the buy and hold calculator it shows a negative cash flowing property.

As it was money that you received the benefit of.Typically it will be included in the AGI on Line 21 if not insolvent(negative net worth exceeding the cancelled debt), in bankruptcy, or qualify for another exclusion

Any other negative aspects with this idea besides what I mentioned above?