AFAIK, a condemnation only means that the property isn't legally habitable; you can still buy/sell it.

Your first contact with the seller is the most vital.

It's a good thing though, but not good for my sleeping habits!

Checkbook control really is a vital part of many successful self-directed investment strategies.

I would use them again, but refinance as soon as the house was habitable if find another similar deal.

Some areas just are not worth the money needed to bring properties up to a habitable standard, but they will cash flow nicely.

I've noticed this is a popular habit with our older tenants (myself included).Gail

i know some companies have a very streamlined, internet based system for submitting, simply entering a few of the vital statistics of your offer such as..price, date to close, payment method, contingencies.

I went sort of halfway and did 6mo leases instead of 12mo at the beginning. just in case I didn't like their attitude, habits, friends around, whatever.. but will only do 12mo in the future..I agree.

You should have renters in every unit that's habitable and be actively renovating the rest to prevent squatting.