They didn't build anything over 100K and many floor plans were around 900-1300 sq. ft.Our median price home is under $120,000 and in some cities under 100K.

It may straighten out in the 18 months and financing won't be a problem, but if it doesn't and home values continue to decline, you may wind up with little or no equity (or worse) which means the 20% down will have to come out of your pocket plus you will need a nice clean credit history that your grandmother would be proud of.

Each floor is 1000 sq ft +-.

Making the home easy to show, keeping it clean, tidy and presentable, and working in a timely manner with your agent to provide the lender the required documents for a short sale will definitely help your case.

Now if you clean up your house, paint the inside and outside, put a new roof on it, and put new carpet in, I think we can get more like $90K sometime over the next 6 months or so.

At the closing I was told the end of the year was a big factor in my offer being accepted.I bought it with the help of a hml and will be doing alot of repairs, new flooring, kitchen cabinets/counters, new windows, alot of stuff that will help the houses value but strictly from a rental standpoint is not entirely needed.

My father is going to occupy the maids quarters which is really a 1 bedroom standalone house in the backyard. the main house is not a duplex, but a 3 level house that has a 2 bedroom on 1st floor, 3 bedroom on 2nd, and 3 bedroom on 3d.It is 3 separate apartments and for whatever reason the previous owner had 3 separate electrical meters put in.

He came out and I watched him clean and completely service my furnace.

THey clear out the floor models right about Feb. for the new designs...

price it right.aLOT of different marketing.and most importantly, make SURE that the rehab looks great when finished.Choosing wrong flooring, carpet, colors...putting money into the wrong places...not having curb appeal...yadda yaddaThey all kill your chances