Now, the house is boarded, except for the upstairs, where rain/weather opened to second floor to the elements.

I'm adding those elements to my list.Thanks guys!

There's a post that will pick up activity as it gets closer.

I think you may bet getting some higher values because of the oil related activity.

As such you should be reporting all of the activity on your schedule E.

No problem, my pleasure, good luck and stay active here.

Gary Ramirez - Looks like you have not been back to BP since you posted this question, hope you do so soon and stay active here.To answer your question, that experience is going on in most areas of the Nation, especially in large metro areas.

So if 10% return on a NNN is what your looking for, that is easy...As the ROI goes up and the risk stays low, the difficulty in locating the deal increases.Areas with little investor activity, and a change in employment are gold mines for both buy hold and flips.

It sounds like this is all happening with an active contract in place.

OK, I think I'm finally ready to look at flipping to owner occupants, and was curious how many of you active flippers use a designer for ideas on what to do with the house.