Buy something so ridiculously cheap and so far below market value that you cant get hurt. make sure it will pass a section 8 inspection, and enjoy the big cash flow. any other questions, just ask here.

Their asking price was negotiable to some extent and was below market but not by the kind of margin a $1000 price would be.

Could a person go in and install a gravel base with field tile to disperse the water enough to aleviate some of the ground saturation?

Owner also pays water, trash etc, and insurance and taxes are probably not low.In general I've found that MLS listed properties are not listed for below market prices, but further checking might prove this to be a good opportunity for you.BTW, from what I've seen in the Bay Area, some of that $150K gain you've seen in two years is probably "borrowed" appreciation from the next 3 years.

Listed below, you will find a list of items you can look for to help select better comparable sales and therefore have a better idea of the range of value your property will appraise for (this list comes from the actual appraisal report, so they are the same things that the appraiser will be looking for as well).

Listed below is a service that I currently offer to out of state investors who want to invest in the Atlanta metro and to newbies who want a second opinon or just simply some help analyzing their deals.

the house photos are below in my blog. thanks again

I am working with a company called Project Initiative.They find a property in good shape @well below market value.

We have three porperties that have lots for sale and also we jsut started selling Pre-construction homes that are selling below the appraised values (current appraisals are from $20,000-$49,000 above sales price).

The complexes are listed below with descriptions.Address is: Houston Texas 77021 Repairs 55k, we have a contractor that can get this done for you if needed Sales Price: 240k ARV: 350k Downpayment for Owner Financing: 90k Mo Notes: $1550-1600 mo This is a 12 unit apt complex we just got a contract on.This unit is a 2 story with a 2 bedroom up and a 2 bedroom down.