Lots of conflicting info on the internet so don't know what to believe Well at least you're grabbing the reins and jumping on the horse, congrats to you for that...so many people just sit around and do absolutely nothing! 

The rest of the $22+K profits are sitting in the LLC checking account. 

If I recall correctly the insurance policies pay nothing unless flood waters hit the second floor, in his particular case.

Most things sit for a while because that is just the way it is.

If we do nothing, as it sits it will be worth somewhere near $168,000 in two years.

You also have to know repair costs and know how to spot a gem that's been sitting around.

Plan is to house sit for one year, move out, turn it into a rental and repeat.

It was in our lap, and I just opened my eyes to try to create something out of what we were sitting on.

Plus the piers appear to be sitting on old pieces of concrete.

So essentially the land is just sitting there not collecting taxes.