In addition, buying at 85% of the market value is not a good idea in this risky market.I'm assuming that you're buying this for a speculation play.

But it can make some more speculative investments look too weak to pursue.Cheers,Mark

And any predicted rise in rental rates should be viewed as speculative incentive wether they be micro or macro in origin.

However, that's just me looking at an aerial map and the recent solds on Zillow.I could speculate on the repairs and comps as well but if you are confident on both of them I think your plan of getting it at 60-65k is a solid plan.Quick what if: 55k rehab, 65k purchase, 30k soft costs, sell at 185 = 35k profit on about 126k investment (purchase, buying/holding costs and rehab) = 27% ROI.

Nathan -- one can speculate about hyperinflation and other potentially adverse consequences of the govt printing money, such as a potential collapse of the dollar.The 10 yr treasury rate is 1.95%.

In many ways it is much more similar to gambling than real estate, unless one's real estate strategy relies purely on speculation.

Speculating on a potential bidding war is not worth the risk of losing a potential sale.

Gold is really high right now and you can only speculate where it will be in 6 months.

I just call it as I see it unless I get more information, I can only speculate with whats posted.

Curious if there's any place you'd direct me to get started, like a good book to educate me to begin this process.I'm very conservative financially and I've watched so many people here in So Cal get caught up in speculation with the housing market, so I tend to go at a snail's pace with my money.