The challenge is finding the house in the neighborhood you are willing to live in for 2 to (lets be realistic) 5 years.

I do have about 4 years of PM (in a very bad town) so I'm up to the challenge (at least for a year or so!)

Fresh starts, brings fresh challenges in which me and my family want to pursue personally and financially.Cant wait to meet you all!

Its worth the price of at least two rehab bootcamps.I am in your back yard as well if you run into challenges you need help with.

Kind of ghetto, neighboring houses messy-ish, all houses are unique (they aren't all stucco houses built by a central planner... so there aren't rows of houses that look the same...), they are older houses...Should this not stop me from looking?

Some times it is challenging, but overall not a problem as over time we have found good handymen, AC, plumbers, etc.

Originally posted by Chuck Redman:Originally posted by Sam Leon:I kept hearing people saying when in a REO situation, if the bank came back with a "HIGHEST AND BEST OFFER IN 24 HOURS",I have read this to mean that they did not receive offers high enough to meet their "minimum acceptable bid" and they are asking the ones who submitted bids to re-offer with their highest bid based on the assumption that their first offer was low balled.Highest and best is not unique to REO purchases, it can happen anytime there are multiple offers on a property.

How is that unique to Mass?

The odds are probably somewhere around 80% that another agent will be bringing the buyer, I would definitely list it myself even if I was brand new, your broker should be able to lead ou through any challenges.

When dealing with HOA's, I've learned to scan everything and e-mail it to the rep, asking her to re-send it to the entire board before the meeting so they have a chance to consider why I am challenging them without my emotion getting in the way like it could at the hearing.