There are some cultures that have no common sense and can not work with there hands, but there are also cultures that have common sense and can work with there hands.

I think they wash their hands of any problems once it is past their outside shut off.

On the other hand you would have to give space for a certain number of days of visits due to the historical value of the home.What I did is I bought apartments under the “Loi Malraux”.

To all,If you are considering starting with commercial investing or are already started consider Ray Alcorn's Dealmakers Guide to Commercial Real Estate.Here is a brief write up on the guide:Written from a hands-on, real-world "dealmaker's" perspective, this book provides invaluable information about how to identify opportunities, determine property value, acquire, finance, and manage commercial real estate.

Your total cash on hand at closing, divided by $1100 would have given an indication of how long you could have sustained this.I think the answers to these questions, and the prime cause of your present problem is the GREED that popped up at the mention of CASH BACK AT CLOSING.

A friend really likes working with his hands.

It doesn't have the appreciation that places like california or florida have, but we can always go out and find properties to fix up and sell with equity in hand.

Why does a major bank hand out such high rates when I see better rates at prime or prime - everywhere?

It has an assumable VA loan with a balance of 226k, and he says he doesn't want anything else but to have someone just take it off his hands.

You will still have to pay closing costs with an auction and it might not meet your reserve (meaning you pay the auctioneer for nothing and still have a house on your hands).