After all, that is who is deciding if they will continue to get the appraisal business or not.

I swear, continuing to have a tie to their problem house scares more people that saying you are asking them to deed the house and not the responsibility.

I figured, trying to find and close a good deal on my first home is a way to learn, and then continue on from there.

Please continue the discussion of this bad situation here.

Doesn't give you much equity if the market continues to drop.Thoughts?

I would get buddy buddy with a young hard working energetic Realtor who will help you out with MLS comps.With that said make sure you compensate your Realtor for their time - either by selling a property with them at some point in time or buy them lunch every once in a while or...something, - you don't want them to feel used, or they won't continue to help you.

Or rent it out and hope to gain equity over time via the principle payments and hopefully appreciation.Please continue to let me know your thoughts!

He will continue to bid against the other bidders until one of the other bids is at or above the upset cost.

To continue the above example, if you buy a house to rehab on Apr 1, you'll get a credit for three months taxes.

Good for you for snapping up "deals" but if your market continues to drop, your profit will drop with it.