As I stated before, appraisals can be flawed and less accurate due to many factors outside the control of the individual appraiser.

An affiliate is an entity that controls another company, is controlled by the company, or is under common control with the company.

There are just too many things outside your control that could go wrong.

Consider managing the property yourself to increase cash flow and control.

One thing that can help you determine what you're getting into is having a core sample taken of the property. it will tell you soil type, groundwater and rock depth. if some rocks are big enough you might need controlled blasting. if your basement is below the stream bed grade wise, you would likely have to be pumping water 24/7 during the construction part. im not sure how well a poured concrete wall with the waterproofing on the outside will stand up to the water, but of course it would be better than a block basement. builders would reccomend under drains to drain the water. the best way to do this is mechanically, without a pump or you could still wind up pumping water 24/7 after construction is complete.

From what he tells me, if you are not already experienced or don't have someone to physically show you the ropes then it can be a huge risk to get involved with sheriffs sales.The other person I know who deals with this alot is on the radio show Real Estate 411.

You came on the market during a tough part of the year (due to the vandalism) which was beyond your control but you need to do something to generate new interest.

heard on the radio up 44% over last year...near the top in the country.wow!

Brokerages that control much of the residential market can and do influence where prices are set in reality.

My guess would be $90,000, but that could easily be $150,000 if you can't control the contractors, or as low as $70,000 if you don't have to upgrade anything.