Keep getting educated so you can position yourself to take action. 

It all comes down to having a relationship with a good insurance agent that can help educate you on these things with specific regard to this property.

I'm wondering if anyone has any good educational resources on how to get started buying "on the courthouse steps"- tax properties, etc.? 

Today, I was presented with a 6 unit multifamily portfolio with 10.3% CR, 22% COC and NOI of 51k. 100% occupancy, with waiting lists and all rents are below market at this time..so room to improve. 

If you spent $20,000 today to get $200/month more in cash flow, that means it would take you 100 months (8 years and 4 months) before you gained the benefits of why you are doing this in the first place. 

Our Mayor's focus on tech education, on fostering interest and innovation in future generations, and on helping businesses and entrepreneurs in the local tech industry work with other local businesses and leadership to grow the community proactively are all worthy of note.This post was not meant to be a sales pitch for Birmingham as the new tech hub of the world, that would be ludicrous.

I am a brand new forum member, currently educating myself on investment real estate. 

I was set to close on a house today (currently in it's redemption period of foreclosure) but the appraisal last week discovered that the square footage had been listed as more than 250sf over actual, taking the price per sf from $74 to $86; still ok but not nearly the deal I thought it was.  

Some of my costs just to maintain, and these are just estimates as I dont want to look up the exact amountsMLS = $1,000E&O Insurance = $1,000Board Dues = $1,000Sentrilock = $300Showing Service = $300Continuing Education = $500Licensing Fees = $300

We have had a few calls from sellers who own their homes without a mortgage, which is great but as in the case of the one we are going to see today, have roof damage from fallen trees, which entails at least 5 days of rain into the home.I plan to wholesale the property, has anyone had any experience wholesaling properties with substantial damage?