Seems like an interesting hybrid strategy, especially in areas (like mine) where the rental market is super strong but retail sales are still being hampered by distressed properties.

Turns out that the guidelines are SUPER stringent.

As far as Super Storm Sandy I suspect It will bring me in extra income I could us to invest once these insurance companies stop playing games and start paying out money.

The thing I don't get is this.A rehabber locks up a deal, super low and everyone is telling them "way to go!

That's super nice of you!

I'm super curious because I thought it was never before possible unless you've owned property since the 80s and bought super low or own an entire rental building.

Every region has at least one super hot housing market.

The taxes are low (for investors) and insurance is *super* low.

Hi @Allen Denham , if you can get past pinching pennies and pay full retail to get it done correctly, I recommend using a highly-rated company from Angie's list, Yelp, or super-solid BBB rating.

It is super easy to get a small claims judgement against tenants that do this; getting paid on that judgement is another matter.Also in our State we can't start the formal notice process until the 11th and that must be done by a Marshall ($75 - $100) BUT when properties are held in LLC's, like ours are, then an Attorney must have the Marshall serve the notice (several hundred dollar$s) more.