45K profit on 145K sale price with only 9K rehab is so good, that you may not want to advertise it.

My personal feeling this is not the time to be going after 2-3 units rentals which the profit margin is so tight. correct me if I am wrong.

That is so that you can compute ARV of the re-sale "more generously".Now, if you are trying to justify lower priced offers, then you would want to help your position by using similar condition comps; so, in this case you'd stick to cash purchases that were also REO or otherwise distressed.

The bills are pressing with the economy the way it is so people stick to the SAFE route and keep on doing the things they Don't Like "just for the money or benefits"!

I've heard cypress is so valuable and durable that they pull old cypress logs out of the swamps and lakes that sunk during logging over a hundred years ago.Congrats on your first deal.

So I posted a couple times on this site in the last week and have been pleasently suprised on how awesome it is. So

(even if the statute says "reasonable attorneys fees") My understanding is that if the attorney that is charging them, feels they are reasonable, then he can charge them.In my situation, I have come across this 1 time too many with this law firm, it is so outrageous on what they charge in comparison for services that were done. ie, NOTHING but answering a motion on behalf of the HOA.

That's why it is so difficult.

The biggest difference I have seen is that it is so much easier to rent than it was 1.5 to 2 years ago.

In order to avoid the costs to present proper documentation in order to foreclose, they are offering the borrowers and tenants cash for keys in order to avoid further damage and vandalism.A broker friend of mine actually witnessed a used car being given to a borrower in exchange for leaving the home in good condition and the keys.Since there is so much controversy over the foreclosure proceedures coupled with the sheer number of pending actions this is the best way around it for the investor.