I guess basically what I am looking to do is to buy the place outright, do the exterior repairs, and then get a check from the bank for 48k (80% value of the house) once I'm done.

What it has done, is created a hardship for honest investors like ourselves.I don't invest in New Mexico so don't know the laws and rules there, but I would ventire to guess you can do them, you just need to make sure you follow the proper protocol.Perhaps some NM investors can chime in.

He sadly has no of that and only brings hard work, a brain and the will to go through a start up with me to the table.My guess is that the weight both the expected cash flow of the business model and liquid assets you currently have (cash, stocks..etc).

Mark brings up some great tips, but I'm guessing you're already settled with the broker you've chosen.

Tim, I guess if you can get buyers to (over) pay your fee, more power to you.

Are we to guess or are you going to elaborate?

Thanks Curt,I guess I should have been more clear with my question.

I guess my question is; What is a proper plan of action on buying and holding?

I guess because, the obama administration has been a little bit more positive than negative about the economy and how to fix it.

I guess I got a lot to learn about this business.