Not paint and carpet, but any plumbing, electrical or structural work should be permitted and inspected.Keep in mind that zillows estimates are, frankly, crap.

Research for yourselves and don't get caught up in the hype of this "you're helping people" crap.

They told me about a trust and other crap with no interest payment if I remember correctly.

I have depreciated all that I can & because of my current situation tax on them profits will be stinging.Obviously I could do a crap load of upgrades or even expansion, but park is located over 700 miles away in the heart of the Smoky Mountains.Never a vacancy & a waiting list if ever 1 old tenant should pass - Senior all Adult Park - The Real Estate Broker - said SELL SELL - but her formula was 100 - 120 x's the monthly gross rent receipts.

I screwed myself over royally once because my head told me a particular business deal was cake but my gut was telling me it was crap.

Most preforeclosures I run into have liens or other crap on them were it's not worth my time.

After a couple months on this site I realized I could actually really use the advice from this forum (as opposed to the crap from the college lecture halls).

Also another investor in my area was saying that if the house is pretty to multiply the squares but 10$ and that should give u to reproduction costand, if its ugly to multiply by 20$and if its a piece of crap by 25$Now I don't know if its right.

The pain cannot all fall to the banks.Or, we have to find anyone who sold a house at a bubble price, or a dot com stock at their bubble price and get the money back.Again, I'll say I'd rather see the feds buy equity in these companies than buy their crap bonds, CMOs, CDOs, SIVs, debt swaps, or whatever they call them.

We are looking for someone whohas direct bank access that can get us the bestdeals on property, literally cents on the dollar.We are not looking for crap, but property that needsno more than $20K worth of work if that.