I was buying court house steps in fort Meyers  new or near new homes for 30 to 40k cash at the steps in 093. my well documented clients in PHX AZ losing 4 plexs they paid 350k for in 05 and having them go vacant and they let them go to foreclosure thereby ruining their credit and losing whatever cash they had in them.. 2010 they were selling for 100k or less and still vacant.so on and so forth.As long as credit does not freeze the values have been reset .. those that were lucky or smart enough or came of age to be investors and bought in the trough historic low price points historic low interest  many paid cash as financing was still tough.. so as long as they don't drink the cool aid and refi out and leverage up you have the makings of a very strong asset base.. plus all the foreigners who paid cash there were literally hundreds of thousands of homes paid for in cash by Off shore folks.. then add in the half a million or more that were bought by hedge funds.. 

The $1,000/month on-site manager doesn’t actually live on site.

To be honest, I'm probably going to back up my moderators, who I have hand-picked and whose judgment I trust to enforce the rules that Josh Dorkin put in place for this site.

I would bet that once you get an attorney involved they will lose interest when they learn the property doesn’t have clear title. 

Welcome to the site!

Therefore, I get bored and spend a lot of time on sites like BP trying to expand my real estate investing knowledge!

Anything is better that losing money on it where it now sits.

Hello and welcome to this site and asking a pretty good question Christian! 

When I look at the county assessor site this property was last appraised in 2013.  

My mistake was sending them a LOI too soon through an online site without first getting on the ground and inspecting the property.