I called the plumber this morning to talk to him about it. 6 hours later and he still hasn't called back.I'm not clear on what you are saying.

The area he is in has actually appreciated due to strong local factors and he could probably sell it for $95k or more today.

Good Morning Everyone,I'm Scott from Orlando and I am a Realtor who is new to this forum.I specialize in Short Sales and in Orlando we have many.My goals are to lend a hand to my fellow Realtor and in return be the recipient of that help.I am recently married and my wife and I live with my two teenagersin the metro area.

Vacancies are your fault, for not having it priced right.Take a Saturday morning and post ads in every conceivable web portal, flyers in every store around town.

Right now you can purchase property below market, so you ought to factor in the equity you will be picking up if you buy.

I don't know about the "coming back to haunt you" comment, but I do agree investors should consult with a knwoeldgable CPA on this topic.Depreciation recapture can come into play, but there are several factors to consider such as: You are receiving tax savings today and then repaying with tomorrows dollar (and we all know the dollar will be worth less tomorrow than today), if your current marginal tax rate is at 28%, then the recapture tax rate of 25% is slightly less, and if the gain derived from the building is less than the depreciation taken, you may only recapture some and not all of the tax.

I would be interested to hear any constructive comments.Area Location: Northeast DenverSquare Footage: 1219Bedrooms: 2 Bathrooms 3 Two Levels Style: Condo/Townhouse Financial Information:Comparables: $169.725Assessors: $189,600Bank of America $173,700Average Rental $1050ROI .14 (.65 factor used)Rehab cost maximum $30,000 (should be less)Asking $59,000$1000 Earnest MoneyI am hoping that this will be a quick wholesale deal

Jon,I have assessed the situation you have mentioned and that will be a deciding factor in my decision.

The external factors can cause a property value to go down very quickly.

Somethings got to break when someone who filed bankrupsty one day, could get a interest only loan the next morning.