Hey Guys, need your opinion...I just put in an offer on a Freddie Mac property.Decent Farmhouse on 3.2 Acres in the lovely Iowa Country with a couple outbuildings.

Most of these guys are grasping in my opinion with the regs.

Ohio is a non redemption state, thus you purchase whould be clear of all other liens outside the first. keep in mind tha appraisal is only an opinion and does not dictate the sale price at all.

Living in your first investment is really the best way to go in my opinion!

Price per sq. ft. is one of the best (in my opinion) and quickest calcualations to determine if a property warrants further investigation.

In my opinion, the best way to get leads prior to lis pendens is either Craigslist and credit report prospecting.

I am seeking funds, not necessarily "hard", but would like opinions.

Just as you would for a regular tenant, it is necessary to screen section 8 tenants (even more so in my opinion).You are ultimately responsible for your business and as such, you should take the necessary precautions and steps to reduce potentially problematic tenants.

Although I wouldn't have a clue about the local laws of Illinois, in my opinion, first of all, a "mechanic's lien" typically is filed by a vendor... for example, a garage mechanic files for an unpaid auto repair bill, or a lumberyard files for supplies delivered to a site but not paid for.

You can alos contact some local property managers as they would give you their opinion as to the rental value of your property and they also have comp data.