From lawyer I came to know that there are multiple offers on the house including 1 cash flow deal.

Also, don't forget the condition of those REO's.

It is in ready to rent condition - immediate occupancy, but personally I would fix up a couple of minor issues in the place....I'm going to assume I can get rent of $500/month (currently not rented but units close by/surrounding which are duplexes are going for $450).Taxes: $100/moInsurance $22/moAm I missing anything?

As we approached the third date, we actually visited the clerk who told us that they had received the deed from the lawyers, but the check for the filing fee was $3 short, and the lawyers, rather than just coming in and paying the $3, had retrieved the deed and taken it back.

After years in the real estate business, I have come to the conclusion that real estate agents don't know much about real estate or what sells or what gives return on the money.I had an agent tell me in all seriousness that the monster size house I'd just purchased would look reallly great if I'd replace all the great condition siding with real cedar siding.Why, yes it would.

I have a contract with a seller, the house may need more repairs than originally thought.Asking price was 160FMV in as-is condition 170-180ARV 220-240My price 123Original estimated repairs 20-25New estimates 30-35kRoof and asbestos siding may need work, and I was unaware of siding being asbestosWhat are some tactics I can use to get the price down?

It's within 150-200 yards of the beach, fully furnished and in nice condition.

In current condition (apartments need rehab) I would expect fair market value to be around $225,000 based on the bank pricing 10% below fair market value in order to move the property.

Unfortunately, they don't transfer properties in Alabama so I needed to use a lawyer.

In certain conditions you can even vend your home yourself to get from under the financial burden.