Rent the thing out to as small of family as you can find and impress water conserving methods and practices. 

The original poster was previously working in a manner in which I do as well and it has worked for us both, for me for almost a decade of flips so I can't personally argue with my successful practices.

Hello,I have started to investigate obtaining a house through a sheriff's auction in Monmouth County NJ.  My plan is to buy a single house, do repairs and upgrade and possibly sell in a few years to reap a tax free pr...

There is a lot of repossessed houses nearby that practically scream, "Hey, look at me: I'm shadow inventory!"

@Robert Soto  42 years of practice have led up to being in the right place at the right time for once.sure better than 08 to 10  when I was hemorrhaging 100k a month LOL 

And, I know that in theory it should not matter, but find in practice that it does matter to get your offer more consideration if it goes in through the listing agent.

Unauthorized practice of contracting; impersonating contractor; false certificate; giving false evidence to Board; penalties, specifies violators of The Contractors law "shall be deemed guilty of a Class 2 misdemeanor."

I've been a licensed broker since 2008 as well, though practicing primarily as an engineer and PM in the biotech industry for my W2.

More and more foreigners are investing and it's practically impossible to find a interesting deals that are not "on plans" - delivery planned for mid 2018 (the earliest).Would love to catch up in Barcelona in May and discuss about that in more details ;-)

I recommend newbies live in and study a market for 1 year before buying, and I practice what I preach ... the few times I did not follow this, I have come to regret it.