This is after he said he would get back to me within 48 hours ongoing.

There could be a possibility of buying the note without consent of the owner, but you would simply be taking the place of the bank and would need to foreclose if the owner would not provide a deed.Any pre-foreclosure ploy will require you working with the owner.If you are planning on going to the sale, run title to check for liens and get your money together ready to bid.

How would you guys calculate an expected number for ongoing repairs and maintenance on an old, lower-income type property?

In my on-going, real life, "flip this house" version something always goes wrong.

OK, "building" a biuyer list is an ongoing process.

Contact a small local management company in the area you think fits your goal and get as much info (Neighborhoods that fit your budgets, on-going monthly rent, average time it takes to rent, etc)3.

Right now, I'm planning on going back to school in the spring.

By utilizing an ongoing education process, more "students" would benefit.

Taylor:If the property is in good repair and there are no imminent large capital expenditures (new roof, HVAC, foundation, etc), then we set aside 10% of the gross revenue each year to service a) on going maintenance and b) build a reserve fund in preparation for the next large capital expenditure.If the property has deferred maintenance when we acquire it (ie. needs a roof), then we will increase this set-aside to help fund the deferred maintenance.

Do you see other repair work on the interior or exterior walls that is giving out because of ongoing settling?