func=view&catid=6&id=2048 And in terms of personal impact, in my opinion, there's also nothing to worry about.

I mean return on investment in terms of return on actual money put into a deal.

In terms of deals, what you mention above is pretty similar to the types of deals we do.

My questions are these for experienced rehabbers:What is the biggers rehab you've done on a property in terms of cost and extent of repairs?

We were working directly with the listing agent, and he told us straight out the seller was willing to carry a note. 1987 in Texas was pretty similar to where we are right now in terms of the lending environment.

In my experience stocks tend to appreciate much faster and give you a bigger bang for the buck than real estate in terms of investment returns.

The buyers will likely undercut the market in terms of rent to get their units filled, which they will be able to do profitably because they picked up the properties so cheap.Between these two forces, it's fairly clear that any over-leveraged buy-and-hold investors may be in trouble, which will just fuel a new wave of market troubles.And while MikeOH is probably correct about entitlements ending at some point, the shorter-term reality is most likely that the government will reduce entitlements to stay in line with reduced market rents, which will push rents down even further.In other words, if you're a buy-and-hold investor, make sure you don't over-leverage, ensure that you can afford a drop in rents, and keep picking up cheap properties in order to "dollar cost average" your holdings.Personally, I plan to start buying apartment buildings in the next year or two, as I expect prices to be such that even with significantly reduced market rents, there will still be a great opportunity for cash flow and long-term appreciation.My my $.02...

I would opt for the long term option.Money is pretty much at an all time low in terms of cost of borrowing.

In terms of what type of terms, you'll have to figure out what each of you wants/needs out of the deal.

I don't think they thought this through in terms of the extent of the reach though.