Frankly, it is disheartening to read so many horror stories but I am hopeful that there is AT LEAST one person reading this post that can offer some good news and/or advice.Thank you

I worry about sites like themlsonline.com and trulia.com etc. not having all of the listings ... http://www.inman.com/news/2011/11/21/minnesota-broker-will-stop-sending-listings-trulia-realtorcomJohn Spence Robby McCabeIt sounds like there is quite a bit of us from MN.

Then there is the good news, bad news, and that is the majority of lease option buyers don't exercise their option and for me that is generally good news because if it is a good property I like to keep them.

I ask this in all honesty, as it's news to me if I don't get to analyze a financed offer the same way I analyze a cash offer.

Thank you for the replies so far.I didn't list some expenses because I have no idea how to speculate what they might be.Rent comps are $1100-1300 I have someone getting me a more exact of what the poroperty will rent for, although I really like your idea Matt.I also just got good news with my lender that I can now lock in a 15 year fixed at 3.8% and not mess with the previous ARM.I am heading to Omaha next friday to walk thru this property with my uncle.

No, what I saw was on TV, a news spot about it, NBC, I'll go back to the links and read there as well, thanks.I saw one house with a dozer, not that bad of a house.If these are truly blighted areas, then redevelopment is necessary, but who will do it?

For those of you who are Realtors this is HUGE news!

The good news is if your determined to pursue this "strategy" you only stand to lose $2500 of your money and will probably learn that picking consistent winners in the stock market is not only unlikely but nearly impossible.

Any city that you don't find news of hedgefund buying.

Hey Scott Bartlet that's great news about your local investment club!