Bedroom unfurnished.Upsides: Just to rent a house in this neighborhood, utilities not included, would be at least 5-6 times per month in rent what they're paying in rent.

They won't let you do assignments, so you'll have to do double closes.

If you have the deal under legal contract, you can either sell (assign) the contract (if you used the words "and/or assigns" in the offer (which is what most wholesalers do) or if you didn't use those words (like with Bank REOs, which won't let ya) you can do a double closing, which means you buy the house and then re-sell right away (within minutes).

I've narrowed down the neighborhoods/unit types I'm looking at, and this is a theoretical but likely scenario: Property: 2 bedroom, 2 bathroom condo in multi-unit building.

I bought 160 acres on a contract for deed 3 years ago at a very reasonable price,[b] but with a change in circumstances, I'm struggling to make the biannual payments.The value of land has nearly doubled since then.

If they were forced to have an occupancy inspection prior to move in and install smoke detectors on all levels of the home and perhaps, in all of the bedrooms, it could make a difference.

Were there no 3 bedroom comps available?

This is much more important to me than bedroom count, type of construction, etc.

But when it does, I think its going to get a double jolt to pushing prices up from the lack of construction AND the lack of potential sellers that a normal recovery typically has.

I know she's getting good deal (this is my opinion) considering that 3 bedrooms in our area rent for roughly $2,200.00 to $2,600.00 per month and to add insult to injury she has a single which is detached from the home that could easily go for $800.00 to $900.00.