As I ask everyone, please be sure to keep us in the loop with your progress!

I look forward to seeing how you progress.

With the shadow inventory and the pending foreclosures in progress - homes should be depressed for the next 4-5 years.

I am not a Rabbit in this race, and I have been classified as a Turtle in personality assessments, so I am happy with slow deliberate steps and a continued solid progress.

Follow the process, make sure its progressing as fast as possible and make the payments.

Don that's just for a few days and a few hours which means nothing for a restaurant to survive.Many see restaurants packed at the peak time window of 1 to 2 hours but don't see all the costs involved.It's those in between the busiest times that will make you float or fail as a restaurant.I think except for a few parts of the country many are still feeling the recession.Some hot markets had a minor dip and are recovering first.Many areas it will be years before a recovery comes.The election will play a big role in what happens next.

Hey Aaron, Sounds like fun :D We use the whimsical naming approach as well... our current project is "troll house" I could get into the naming details, but it isn't nearly as funny as the heart attack house.Keep us posted on your progress.

This rehab amount includes:Contractor Labor, carpet, paint, doors, windows, appliances, tile, siding, driveways, etc.I have logged all expenses in an excel spreadsheet, and came up with a total for each individual rehab.My question is: Do I just get to add that total to my cost basis in the property and depreciate it over 27.5 yrs, or do I get to devide things into their specific recovery periods (5, 7, 15, 27.5 yrs) and depreciate them using their faster recovery periods?

Since my recovery, there really isn't much that scares me anymore.

This quote says it all: "A government-facilitated REO-to-rental program has the potential to help the housing market and improve loss recoveries on reo portfolios."