If beds and baths are the same, and the two house will be comparable in quality and finish, and they're nearby, they're going to be much closer in price.

Now if you buy the park that is different, you may collect closer to 700 if you rent the space and trailer, but 700 sounds high to me.

I found out after inspection that repairs are going to be more than I anticipated, my mortgage will now be for $78,000 (payment of 605.51).

I pay the rent and all bills on my own - rent is $2250 a month and bills probably get the total closer to the $3,000 range.

I've kind of been turned off from foreclosure/auction/sherrif sales due to the long process and the inability to inspect the property etc.Besides getting the "balls" to actually approach people in preforeclosure situations, the main thing holding me back is financing, I simply do not have the money for a downpayment.My plan was to buy properties, hold on to and rent them until the market turns, and then eventually sell, but that may not be the best option at this point.Reading this forum the last few days I've been hearing some new terms:bird dogging - http://www.biggerpockets.com/articles/bird-dogging101rb.htmlwholesaling - http://www.biggerpockets.com/articles/wholesaling-properties-lg.htmlTo be honest, I'm not 100% sure what the main difference is.

[[[[[.........When you see landlords that will not accept sec 8, most times its because it won't pass and they don't want to fix it up. ....]]]]]Please site your source for that statistic.I don't take Section 8 because I don't do leases, and Section 8 doesn't accept month to month agreements.Not to mention, I have yet to meet any Section 8 tenant who can meet my written rental criteria.The landlords I know who don't take Section 8 have nice places and they don't take Section 8 because the welfare tenants will trash a place and they are difficult and demanding to deal with.My places are in tip top condition and I respond to any repair call in less than 24 hours.Although, I have to confess, one of my houses can't pass Section 8 inspection because there is a centuries old tree too close to the house, and I refuse to cut it down.Another house wouldn't pass because the railings on the giant deck aren't close enough together and Section 8 doesn't want their little rug rats to fall almost 2 feet to the ground and maybe get hurt.

Do any of you do a final walk through inspection when a tenant is vacating with the tenants?

Usually have an apprasal, inspection, and insurance that have to be paid ahead of time, often outside of closing.

If you would have started today, you would be one day closer to being done!!!

I may try to whittle him down another 2 or 3 k after the inspection, because I have a serious supsicion the roof was poorly done.We will see.