You can always use the IRA structure until things progress and let someone else play the custodial role.

That's a reasonable assessment.

This allows agents to access the property and potential buyers to assess damages and estimate repairs.

The prior owners had the property forever and it was assessed at a total of $150,000, $50,000 towards land, and $100,000 towards improvements.

Hey @Don Daniels - not too sure why it was doing that on the front page of your blog, but if you go into the blog post itself, it looks normal: http://www.biggerpockets.com/blogs/5100/blog_posts/37492-getting-started-with-wholesaling---week-2-progress Might be a bug, but either way, the whole site is coming out with a re-design in the coming weeks so it's gonna look way different soon anyways!

$150/day since Oct 2012 means that original lien or special assessment for remediation couldn't have been very much.

They are bidding based on assessment and don't understand assessments in Baltimore can be off by 400% !

In the end my partner and I did it ourselves for about $150 worth of fungicide we bought at a cleaning supply store.Try to find someone that will just do the testing/consulting with you and isn't also a contractor that does the remediation, this is your best shot at getting an honest assessment of the mold problem.

You don't want a special assessment for new siding or roof soon after you purchase.Matt's calculations are incorrect because he's using the $450/mo as the debt service, when it actually includes HOA & insurance.

These are nice townhousesBoth properties need nothing at this timeProperty tax 5300/yearlyBoth properties were built in the 90sSellers are asking 498,000.Income @ 625/unit fully rented = 5000/monthI am struggling with the numbers on this deal, its not looking goodTax assessment is 480,000.Lets just say we use the 480,000 numbers.