I don't know about your market but in mine you would not get away with selling the house with bad windows!

Great news indeed Cant wait to see Paul vs Bernanke round 1 This will be better than football and the UFC combined

One of them have a FHA loan and i might be able to get away since i can claim it as a primary residence.

The bath with a seperate whirlpool and tub and the round bed.

What expected ROI would you want/expect on the following situation...as-repaired value est: $220,000cost of repairs: $22,000 (includes contractor costs)Other expenses: $18,200 (Marketing costs, escrow, mtg)Repairs needed are only big ticket items like whole new kitchen, A/C heating, hot water heater, toilets, etc.Estimated market is declining at a 7.1% annual rate.

i assume if i bought a property around 200k i would need to sell it for atleast around 305k to walk away with a profit worth the effort.(200k + 3% buyside closing costs = 206k)305k - 3.5% closing costs - 6% realtor fees = 277k277k - (assuming a round number) 25k rehab costs = 252k252k - 206k = 46k profit = roughly 18% Return on investment.are my calculations going overboard?

If you overpay you will be in a world of hurt.Spring and the summer might go fast when you buy you need the flexibility to rent year round at great rates and still cash flow well.You don't buy based on getting a high market rent if you turn the lease at the peak of renting season.Instead base on conservative numbers and if you rent at the peak it's a bonus.

I advise people who are looking for a quick and easy way to wealth to buy lottery tickets not real estate.

IF that happens and the insurance companies can get away without paying on these houses if we end up having a problem we will definately end up in foreclosure.

What would you do with a $220 million dollar lottery winning (after taxes, i.e. what you Net from the winning ticket)?