Comps were pulled of zillow only sky view pictures were available.Comp #13 bed 2 bath1,770 sfSold 7/21/15285kCondition: UnknownComp#24 bed 2 bath1173 sfSold 5/28/15280kCondition: unknown

Every expert looks powerless today when trying to explain how every aspect of our economy has gone broke all at once.Why should the unknowns of real estate investing be any different?

I guess I'm more worried about that b/c it's unknown..

There may be unknown creditor claims that would have to be settled.

So it really depends on the goals, which I haven't figured out for myself yet.I've been reading on BP for a while and still haven't pulled the trigger on anything, mostly because I haven't been able to find anything cost-effective locally, and there are still too many unknowns for me investing out-of-state. 

So, yes, I would buy a land locked parcel after due diligence, if it looked like it wasn't worth the time and unknown, but estimated costs, I'd move to the next trick.You hit on it, get a contract and then approach every adjacent owner, one of them may very well buy it.....question is, for what use?

"The unknowns."

I've backed out of two deals this year when the inspections showed too many unknown issues.

But how many first time buyers on BP mention they have 6 month reserves (pay mortgage, expenses, property tax, insurance, etc.) just in case the unknown happens?

That said - my philosophy is that banks make a lot more profit in 30-yr fixed loans as they take the premium for the unknown in the future.