I am not talking about just going to court.I am talking about 3 day notice to quit,filing eviction,court date in the mail,going to court if tenants answers and getting judgement and writ,then paying writ fee and waiting for the marshal to set up throwing the stuff out.These time lines and processes will vary by state.In some areas the marshalls are backed up serving the writs.So if it takes 2 months to get them out and the writ takes a month then it will be 3 months of lost rent.4 if you get them out mid month unless you can land someone living in a hotel or moving to the area mid month.Then you would only lose 3 1/2 months.You also have to factor in time to turn the place and clean it and rent it out again.The fact you accepted a reduced rent will make it hard to get an eviction in court.Accepting a partial rent usually means you are doing a workout with the tenant.So for instance of I can get a majority of the rent I might do a workout.If the tenant wants me to stop eviction for 100 dollars I tell them to pound sand. :)What you do will also depend on your personal cash flow situation.Are you trying to preserve personal credit and do you have a recourse loan on this property??

Therefore, most people do not make major improvement to the property.

Kiran - We took crappy code and transformed it into quality code.

My biggest impediment to expanding my business is that I'm a major control freak, and I wouldn't be comfortable investing in locations I'm unfamiliar with.

One of the major hurdles is finding land that is zoned for a high enough density that it can make sense.

3XXX Tartarian, Needs MAJOR clean up, carpet, paint.

Once you've purchased the home and addressed all the major items, and you're confident of the maintenance record of the home you can come up with an estimate for your repairs.

Example you are planning on formica in your repair estimate but a majority are using granite etc.2.Is your area increasing,decreasing,or flat in pricing and by what percentage each month??

Vacancy can take a major toll on a house, and there may have been issues caused by lack of occupancy.- Just because an REO is priced $50K under market value (for example) doesn't mean that it requires $50K in repairs.

I have found a 2 Unit / 2 story 3,000 sf - probate property that needs major rehab..The seller is asking 85,000 - NEED INFO ASAP to make offer!!!