if i were you, i would get a good re agent that specializes in investments (or is an investor), and tell him what you're trying to accomplish.

You mean like ghetto rough, or rough as in it's tough to sell there?

Now there could always be some state laws around it, and I would recommend consulting with a QUALIFIED attorney in your state that specializes in real estate.

This looked like a right category for it...I have to get this out of my system…I am a married woman (27) with two young children (6 and 2).I like all this real estate industry, starting from interior and landscape design finishing with rehabbing...Couple years ago we had extremely bad job transition (my husband retired from US Army, and it turned out that many years of management experience are not valuable to anyone, so he had tough time finding a job.

If you are looking at the tax advantages angle, contact an accountant that specializes in invetsment property.

i just recently saw an ad in the paper - it read:Real Estate InvestorsPurchase handy-man specials for steep discounts.

I am a real estate consultant specializing in clients who are looking for investment opportunities in Orange and San Diego county.

zeeman, you'll learn plenty from a realtor that specializes in helping investors.

Loss mitigation techniques include the following: Special Forbearance, in which the lender arranges a repayment plan based on the borrower's financial situation and possibly provide for a temporary reduction or suspension of payments; Mortgage Modification, in which the lender reduces the monthly payment and/or extends the term of the mortgage; Partial Claim, in which the lender obtains a one-time payment from the FHA insurance fund to bring the mortgage current; Pre-Foreclosure Sale, in which the borrower avoids foreclosure by selling the property for less than the amount necessary to pay off the mortgage, and Deed-in-Lieu of Foreclosure, in which the borrower gives back the property to the lender.

I specialize in new and resale single family homes, townhomes, and condos in Tallahassee, Leon County, Florida.