Guys what would you do if you have to start all over again? I have two foreclosures right now, they were back from 2010 and of course terrible credit. I am also going back to school and changing my career. Anyway,  fo...

I visit periodically to visit my parents and scout properties.

I have 4 of mine that are like this, we meet twice a year, if that, and they've got more money in reserves than the reserve study calls for and they're ahead of schedule on all maintenance and admin issues.

Now we all know the best time to make money and really get ahead is a recovering market, but what about the year +/- while the market is falling from it's peak to the valley?

Definitely will look more into those repurposing plans as they emerge Will make sure to visit Germantown/Mt.

@Tiger M.There is definitely equity in the property - say $30k min.There will be a mortgage inside the contract and I haven't moved forward with these guys yet so I don't have the documents to answer specific questions regarding acceleration clauses. 1st position of course, owner occupied, and in the Midwest.I'm going back to MN to visit family and plan on checking out his operation.

I mean, what if the contractor is long gone 8 years later and a header he installed falls and injures somebody.

Get down there and you can be nice about it, just say you haven't visited in awhile and you want to check things out.  

When was the last time you visited the property?  

You can have 100 pages of fluff, but if they visit once and never come back you will never rank high in the search engines.