If you think its 50K repairs, I'd use $75K unless you have firm estimates from actual contractors. 70% of ARV less $75K puts a reasonable price down like $75K or less.

I do skip tracing for a law firm here in NY,and would happy to find the owner for you , or anyone else for that matter.

Here's the deal.I called a law firm toask them if they could represent me in obtaining"excess proceeds" from the tax foreclosure sale, butthey told me that only the former owner is entitled tothose proceeds, is this correct?

I've always found investing in and developing properties to be interesting, so I want to get some experience as it may be a potential career someday (note: I'm not looking for a position as a real estate agent).I've spent a ridiculous amount of time contacting commercial real estate firms that I found on the web, but I have not gotten a positive response from anyone.

There is a huge $200M effort to develop the exit interchange by a large Columbus Ohio-based RE development firm.

Perhaps we can host it here on BiggerPockets.Thank you,

or should i get experience first possible working in a property mgnt firm?

Most handle Due Dilligence through BPO and Asset Management firms, though some have an REO dept. or sister entity.

it is no different then wall street, most companies make you inturn for a year with no pay or client retention before you even get a spot. the reason for this is because the rewards are so high and a reputation can be ruined in 2 minutes by fowling up a transaction so the firms want to make sure that the people representing their clients are worthy. these are investors with hundreds of millions of dollars here, what makes anyone think that investor should work with them when they have nothing to offer the investor but an idea?

They looks bad to the regulators if the number is above the norm for similar firms.