Then you have to renovate for an additional $135,000 and sit on a vacancy for another X months.

My place down here has booked 10k in the past 3 days as I've been sitting by the pool in the backyard (it's a big one though).

That way maybe it won't sit for years and years before the foreclose until the property is then just worth land value and the house is destroyed.Good luck and best wishes.

Usually when a place sits vacant in need of repairs its because the repairs take it over the ARV.  

@Jeff S. It’s

You will need a high school diploma and then you will need to complete the required education for your state and sit for the state exam.

Now I wouldn't say you need to analyze every deal, but if there is one that your client finds of interest after you've seen it, then I think this will truly go a long way in sitting down with them and analyzing it as if you were buying it. 

And she won't take the appraisal I just got from the credit union at the beginning of March, so now I have to sit here and stress that this appraisal will also come in crazy low while also being bent out of shape that I'm getting nearly hard money rates on a full doc loan. 

For three people that will cost them almost $5,000 a month to sit in a dumpy little room with a mini fridge and microwave.Vacation rental.

@Minka ShaI would never sit on a negative cash flow properties hoping that it continues to appreciate.