With the current market conditions and the excess inventory of bank owned homes most real cash buyers (the ones that close in 2 days) are looking for 45-50% ARV.

Now, my agent has told me b/c of the type of loan that I'm using, VHDA/FHA plus, that it has to be appraised and it won't pass b/c it's in 'as is' condition.

(we've seen the 1st house) it was in decent condition. 2/3 units are rented the other is currently being updated.

Some of his other legacies include the Social Security system and the National Labor Relations Board (NLRB).

My son is 16 and his social calendar looks likemy work schedule.

The house is managed by a property management company representing the landlord.The house is already in move-in condition.

No more welfare, unemployment, minimum wage, social security or medicare (for people who are under 50 now), medicaid, Section 8, EPA, department of education, department of energy, OSHA, etc.

A closer look allows you:1) To confirm if the house is vacant2) You will start to see some houses with REO letters (bank owned), I avoid, lock boxes (means someone has an interest in the property already) avoid, Tenant eviction notice (has landlords contact info and they will be motivated), foreclosure notices etc.3) You will get a chance to network since you are out of the car- you will meet neighbors, where you can get the story on the house, contractors (mowers, handymen etc. which can give you info on the house as well as several others)4) You get to understand the condition of the property by seeing it up close.Driving your farm are in my opinion is highly recommended at least once a month (a lot happens in a neighborhood in a month), but is still one out of the 10 or more you should regularly doing to find these properties.Personally I feel there is a moral obligation if I am going to put a property under contract that I have the intention of closing it myself if I can not find a buyer.

OK - Here's another fun one . . . check out: The 5 Scariest Wooden Houses EverBTW - Please Digg, Stumble, and share the post using any of your favorite social bookmarking sites.

I have since done some research after posting this and read Section 9 of respa prohibits a seller from requiring the home buyer to use a particular title insurance company, either directly or indirectly, as a condition of sale.