@Alan Grobmeier Thank you for your input, it's helped me to consider some aspects I neglected to look at before.

Wondering what tips you've learned about the educational aspect and the aquisition of sheriff sale properties, preforeclosure and foreclosure properties.

I'm not entirely sure how, so hopefully somebody can shed some light on that aspect.

So if your targeting remodels as development then you have better chances as the commercial aspect is already established and, in most cases, adding residential and the draw for ppl to live there is a much easier sell then if the situation was reversed.

The marketplace invents things and the regulators reduce the nasty elements or aspects after they have developed.

My pops had over 25 properties before he died and i know about the fixing aspect of it but i was too young to understand the buying process.

Hi @Joshua Birk, our loan servicer would handle those aspects for working with the borrower for redemption payoff and the borrower has received a good amount of mail and phone calls from them.

I love the control aspect of REI over the stock market.

We do a walk-through together, demonstrate appliances, locate emergency shut-offs for utilities, and discuss other aspects specific to the property.

Bottom line is blanket statements/absolutes don't work in just about any aspect of life.