Maybe talk to a real estate agent or financial advisor to get some more specific advice tailored to your situation.

But they put on things specific to the foreclosure being done property like the power of attorney for the foreclosing company to act for the bank owner. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Philadelphia area, Chester county to be specific. 

I'd suggest you continue to build that network of wholesalers/deal finders, specifically the smaller mom & pop type wholesalers compared to the larger companies out there.

As for your out-of-pocket costs, it really depends on the property and your specific situation, but budgeting around 5-10% of the purchase price for these extras is a good starting point.

Specifically, a HH can substantially lower your living expenses, while increasing your income.

@Robert Maxwell, my advice: listen to the first 300 episodes of the BiggerPockets Podcast and then return to forums when you have a specific question.

It's important to understand how the credits will affect your specific tax situation and when you can claim them.Recapture Rules: There are recapture rules in place, which may require you to repay some or all of the credit if you dispose of the property or change its use within a certain number of years after the rehabilitation.Overall, historic tax credits can be a valuable tool for property developers and owners looking to preserve historic buildings and lower the overall cost of rehabilitation projects.

I was wondering if anybody had some area specific issues to keep an eye for and what are the BIG problems to avoid.