Agent and I agree that a oil-to-gas conversion would pay off very quickly. 

A misdemeanor is a small offense and in ND they take serious drug offenses up to the felony level REEEAL quick.  

It looks like you're already in Birmingham, so a quick drive around the neighborhood shouldn't be an issue and can save you a lot of headache in the end.If the Calera property adds up without relying on appreciation, and you have already done due diligence on what the rehab consisted of, who's selling it and what their performance metrics are like (tenant turnover, maintenance rate, occupancy etc) then that is the best of your two current options.

Trouble makers out quick and the others love it..

When I was 13 I started my own landscaping company in NJ (Divine Landscaping) and just recently started a video production company (Non Stop Productions).Through the 4 years I have been in Raleigh, NC I have seen an enormous change in real estate and I am tired of sitting back and watching other investors get rich quick. 

You could lose control of expenses very quickly if you don't know where each dollar is supposed to go from the beginning.The lump sum he provided sounds more like an estimate and not an actual bid.

Have been on BP for some months and my participation has been underwhelming. Doing my best to change that going forward and check out PRO posts daily and respond where I can be helpful.Not soliciting anything. Just wa...

If you're still looking at different strategies I'd recommend reading through The Ultimate Beginner's Guide as it breaks them down.

I'm interested in REO's (I think), mainly because you have a realtor guiding the purchase. 

It seems like a quick, brokered deal to me.