I bought the house from the builder so repairs have been very minimal.

This will allow you to immediately start marketing the property and you should be able to minimize holding costs.

If you are hiring a PM is this time commitment extremely minimal or are you still going to be putting alot of time into your property.

The article also predicts that the new federal Home Affordable Foreclosures Alternatives (HAFA) program, to come on-line on April 5, will have minimal effectiveness.

The trash was minimal and I took care that myself.

I can see how your way is better though because then you are getting more up-front (all about minimizing the risk).Thanks again for all the input Jon, there is a lot more to this business than what you see on the surface and I am pumped to be getting involved and have this site as a resource/sounding board.

Assuming no or minimal repairs, the deal should make sense for someone with the cash to buy this property outright.

Try to repair as many of the findings as possible to minimize the "red flags" to potential buyers.

Sad, but it happens.Otherwise since he is at fault, then yes, the insurer should pay for the damage..being rather minimal in amount, most auto insurance policies should cover property damage claims like that no problem after filing for it.

Your gonna have to carry an extra month of holding costs, but that is minimal compared to what can happen if you bring in tenants with a questionable history.