You are out of state, and contractors know out of state buyers rarely pull the trigger on a deal, so they go where they are more likely to get paid, usually with someone they have worked with in state before..

Apparently it is only supposed to be at 60-70 PSI.My contractor in CLE told me to cut a hole in the drywall and let it dry out because you can't paint over it and you need to make sure the moisture gets out and no mold. 

I’ve had so many deals slip through my fingers for one reason or another: not pulling the trigger fast enough, being too timid, just bad timing or not knowing what to do with the property.

I know the market is pretty dry but this is not and will not stop me from finding and buying below market deals, I know if ill work hard I will eventually find the deals.I do have a nice amount of open projects at any given time, but I find it very hard to find solid good deals, I would say 80% of my time is going into finding and searching for deals.When I'm going to auction I see with my own eyes people (ether newbies or stupid's..) are buying deals that I know for a fact they will go away with a 20-40k loss... 

As construction jobs dried during that time more folks became reliant on government assistance programs like Section 8.

Verify the ceiling is dry and hit it with kilz spray and ceiling paint.

That puts you down to $165k in dry powder, and gives you cash flow on your earnings.

Title does not change hands (LLC remains the owner); so, it may not trigger reassessment (or transfer taxes in some states).Separately, in GAAP purchase accounting, the purchase price is allocated to the assets acquired based on their fair values (market) and any excess of the purchase price over the fair value of the assets acquired is considered Goodwill. 

Account Closed its a 2 car garage I would be insulating, dry wall and painting  I appreciate the response thank you 

I do not want to be that person who spends years studying real estate and never pulling the trigger.