The reason it concerned him was that it would affect our own property values.So I ask you all, would you make a 70% offer on the house next door, despite the hit your own home value could take?

But, aha, there's a google hit for a Michael Rossi on BP, one with a landlord blog.

The house is really cheap and does not need a lot of work.....New roof,new electricity,new plumbing and so on......From my calculation i can get between 1500-2000$ every month and in one year the house is paid off so you can see how much they want for the property...The owner just gave up fixing it but as i see it, it's almost done....

Since he is busy and inexperienced doing a build out from raw land seems to be a bit much, particularly in this economy, and with a little leverage could hit his goal with much less risk and time with a NNN property.

But, long story short, I found myself way over-leveraged when the recession hit and took a bath when the markets (I had three rentals in three states) tanked.

For each trip you can just click start when you leave, hit stop when you arrive and leave a little note with any pertinent information.

If you hit every point on that list .. or at least half of it, you will know a lot about your market.Good luck

I'd be surprised if the electric company doesn't prosecute for utility theft.

And, BTW, if you do that I'd suggest you look to some professional loan servicers and contract with them to do the leg work for you.While there may be some good books out there that hit on how to negotiate a note purchase, how to find notes and what all can be accomplished with a note, much of it may be outdated.

I asked how this was different than any other cities and he said the Reno area was just hit harder than most.