I saw in my local newspaper about a home going up for foreclosure and I think it has the possibility of being a good starter investment for me.

Maybe we need a BP board of Unethical behavior where we can post the names of people whom we don't recommend others do business with, based on unethical actions. 

@Travis OglesbyGet an attorney to write up the agreement between people whose it as it will list maintenance requirements, putting money aside for repairs etc and who does what.You will need to get everyone to agree as well.

We can give you lots of thoughts on what might be happening, but you don't want to invest based on that.

(I'm based in Houston, TX).

I would also browse Furnish Finder and see what rates pop up there.

@Lisa Fortune it appears you are a "an asset based real estate lender" do you really not know the answer to this question??

But you may be right that it's a little too sloppy and could be cleaned up a little for ease of reading. 

Your question does bring up a very good point.  

Squatter crawls through the attic to hook up to my new tenants' branch line.