I can't think of any time when it would be appropriate to pay double what something is worth just because someone will give you a loan on it.

I understand that this is not the appropriate place to list the properties.

The property is in a small blue collar city (appropriately named, Mechanicville) that is about 5 miles from a very large manufacturing facility (employs a few thousand people).

If the answer is some kind of LLC, would it be appropriate to include the rental properties under the same umbrella?

I'd like to compare that city with South Beach when it was rehabilitated by the likes of Carl G.

If you are willing to help me out, please assume that everything needs to be rehabilitation.

It essentially sounds like the GSA could keep the auction open indefinitely until they get some sort of bid that they feel is appropriate.

If you don't want to work with these tenants, I'd give them a choice of signing a lease or give notice in accordance with your state law and find appropriate tenants.

Originally posted by Wayne Brooks:Whether or not you test, definitely post the disclosure in the MLS so it's executed with the offer, not a surprise later.I certainly respect going this route, but personally, I prefer not to disclose right in the listing (assuing it's appropriately remediated), for a couple reasons:1.

This is a partnership deal with 3 of my friends, one of which is a contractor/handyman, the other has dealt in REI in the past but has been out of it since the mid 80's, the other is a real estate apraiser with 25 yrs in that field, and I'm a licensed arborist/ horticulturist to deal with the outside end of things. between the 4 of us we are hoping we can handle a few projects and make things work.For now our primary intention is to flip distressed homes but ultimately maybe we could do some renting as well...I've/we've got lots of questions but I'll try to post them in the appropriate areas of the forum...Thanks in advance for any info you're willing to share.For what its worth I'm 43 yrs. young, happily married to my beautiful bride for 15 yrs.