I tend to agree that the market is likely on the higher end, but we have already seen our first nice correction starting from July of last year to Jan '19.  

Our above gentleman are absolutely correct in what they’re saying, but nothing beats driving through and laying eyes on the neighborhood just in case it’s one of those hidden gems.

This can work out for you but your risk is in buying the correct property with good mechanicals and modest deferred maintenance. 

Is this correct?

I need to make sure all the paperwork is filed and filled out in the correct places and in a timely manner.

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Thanks a ton for this, you're correct it was a Land Bank deal, im reaching out to them to see if its even doable.   

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Would love some feedback on whether a performing note would be the correct option for me.I'm in the process of opening an SDIRA. 

Then give that list to a handy man to bid out the work and use that bid to make any claims on the security deposit.