If your strategy in the event of such a scenario is to pay off whatever debt may exist, then raze and sell the lot, then an insured value that is of "reconstruction cost" may be costing you too much premium.

Lonnie Scruggs' book "Taking the Mystery Out of Money" Kindle edition is free today, Jan 25th only on Amazon

If I were to purchase the liens from the other holders (after the short sale negotiation was sorted out) what premium should I be expecting to pay?

I didn't mind spending $$$ on gut and update because I can easily get premium rents on them.

Not the greatest deal since I still paid a bit premium in 2009; however, tenants have been worry free and it offsets my mortgage payment by 39%I have been reading investing books and looking around for the last few months and I decided that this year will be the year I acquire my first full rental property in Northern NJ.

Chris, a friend of mine does all my photography and editing.

I caution you to maybe edit your hours committed as the IRS might not appreciate that when they see your statement up close.

Works great for sharing-agents can edit net sheets as we get offers and make counters.

You can also sign up for the BP premium membership and post your deals in the marketplace.

Seem's to me you should have no problem building a buy/sale list. with that as your daily job, your around the type of people you are looking for all day. from that info i recommend you use the $100 to to buy Premium vista print cards.