PS. they're VITAL numbers to know ;)

The only reason banks fix up properties is to bring them to habitable standard so that buyers can get loans.

Education is vital, become you can honestly get a lot from BP.

You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.

If you have to make a big sacrifice like stop drinking starbucks everyday, or changing any day-to-day habits just to save $300 then go to question #22.

It does not have a basement but it has two habitable cottages in the backyard.

@Patricia Sander Two things - 1) You need a new Realtor and Attorney, they are supposed to work for for and represent YOU. 2) You assume waaaay too much, that is a dangerous habit in this business....

Or, possibly selling the property and doing a 1031 to defer the taxes or doing a short sale.As you can tell I am fairly new to RE myself so I am looking for some quality ideas from experienced pros.I may have left out some vital info because of my ignorance on the subject.

Can you please expound, this sounds like vital information that I haven't heard before.

You have to beat the tax man to create real wealth, imo.Paying Income taxes is one of the top 4 obstacles to creating real wealth along with procrastination, spending habits and inflation.Please feel free to add your ideas and suggestions to this post.