Look for the major Private Equity/REIT players to announce BIG Residential REO take downs over the next few months.

You can see the majority of my flipped properties at: http://www.wealth-steps.com/flip-that-house.htmlHowever I found that platform not very user friendly to post pictures or for visitors to leave comments so I am trying Blogger now.

After confirming that there were no major structural issues I proceeded with the deal.

Every major city should have one and it should tell you the path of improvement (there's actually a term for this which I can't remember right now) the city will take in the coming years.

Or do you charge a monthly maintenance fee which is all inclusive aside from major repairs like boilers, roofs, etc.

Will just plan on living in each house 2 years if I do plan on selling.Plan on doing a major remodel of the existing rental, new siding , windows, add bathroom etc then split lot and build a new house along side.It looks like it is possible to do all this with owner occ money and save on gains too.Considering my depreciation is about gone and never was much anyway, finding a way to start a new basis would be helpful.

Knowing that the property had major issues (REO), I didn't want to buy it at full listing price.I was able to put in my second offer on a HUD home.

That house could have it in stucco, window putty, drywall joint compound, ceiling texture, sheet vinyl flooring, vinyl floor tile, flooring and other mastics, HVAC ducts, and other things - most major surfaces.

I listed 2 months late and missed majority of the buyers.

For me, I am mostly concerned with major issues like the roof, furnace, structure, etc.