:roll: Since then I've just used the 70% rule.

There was no reason to come after me other than just being ugly," she said.AARP issued a paper in 2006 recommending a bill of rights for owners, including the right to be secure against foreclosure, for full disclosure of rules and the right to vote on changes to the rules.

I know everyone uses the rule of 70% but in some cases that flies in the face of reality.You were the first guy on the scene and he spoke to you,CONGRATS, now get him on paper.The owner right now has options and if you low ball him you lose!

Are there any specific strategies or rule of thumb to follow in order to buy way below market values ?

Depending on the state the rules for a land contract can mean that you have to foreclose if the land contract buyer does not perform.

I don't know the Ohio market, but the 1% rule hasn't been true in much of the country for a while -- if you bought a 120k property to rent out here, there's NO way you'd get anything more than 750/month for it, IF that.

Under present rapid acquisitions rules, new real estate investors (non-seasoned) may acquire two non-owner occupied (investment properties for each of the first two years using financing from one lender.

jdunsava - I'd like to welcome you, however I must also warn you to follow our forum rules.

As someone noted AZ might be different but as a general rule a property tax lien is first in line.

As a general rule, the faster you can sell a loser, the better!