Many homes have walls surrounding the yards.

This was published two days ago and is very informative: http://www.forbes.com/sites/groupthink/2014/02/28/2014-crowdfund-trends-top-20-wall-breakers-of-real-estate-investing/.

Especially if you're going to be living there and you keep saying "well, while the walls are torn up, why don't we ..."

(ceiling flat white,walls flat tan, trim semi white) But after I do all that I need my 1%.

We priced out our kitchen appliances: fridge, dishwasher, double wall oven, 5 burner cooktop, for what we thought was a good price.

It gets betterThe house has daily fines accruing for code violations: Retaining wall needs repair, and needs to be scraped and painted to make the fines go away.

I think I even need to add a cab over the fridge, there's a space there behind the wall cab and the fridge that would be weird without it.

Have a contract on a house, was appraised at 177k, offer was accepted at 140k, signed as is but has foundation issue on one bowing wall and mortgage company is wanting a certification from foundation inspector.

Create LLC, contract on HUD home, get a online pre-approval letter or if u have your own POF or pre-qual letter, find wholesale buyer, wholesale the LLC, get your fee or only collection a portion, retain 1% ownership to sign close docs, close the deal, collect rest of fee and wholesale person gets the house.

Let's say your 1980 house rents for 1200/mo, you paid $80k for the house and it is leveled by a tornado.Insurance company can depreciate the floors, roof, walls, fixtures, windows, etc. and although it would cost $100k to rebuild the house, you're only going to get $60k ... $80k depreciated.The difference in coverage types really matters when it comes to total losses.