1) Life style of choice.2) Income to the grave.

He says I may have to adversely possess property under color of title for 7 years.This is my first in rem sale but have purchased many mortgage style foreclosures and have never had a problem getting title insurance.  

For those not familiar to Value Investment, it is the kind of investment style that Warren Buffet does where you analyze balance sheets, annual reports, dividends and stock price to figure out intrinsic value of a company in order to find a stock that is undervalued and can potentially grow over time (you can expect around 10% returns). 

This property is a ranch style home and has a little over 3600 sqft).

The housings come in several sizes, the most common by far is 6 inch, followed by 4 inch for some applications. 2, The "trim" or "trim and light" ($5-$40+) which you install in the housing, usually after painting is done, come in a huge variety of styles and features.

There are no environmental surveys for this property.

NHD, Environmental Report Phase One , Pest Report, Termite Clearance ,CLUE Report, Surveying.

Many of the trades do not run crews so the project price has to support the main guy and his family and life style.

There is no investment here, so this is really a life style decision.

Typical ranch style with desert landscape.So as a rental is $145,000 a decent selling price point?