It'll be a pain in the butt, potentially, but at least you'll be positive. 

Discussing it with them just brings the issue to their attention and perhaps raises that risk somewhat though. 2.

Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the story of 5035 Center Rd, Linden, MI 48451, radiates promise, dedication, and the transformative power of vision.Nestled on 5 acres of land, this single-family home with a pole barn held untapped potential.

Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the story of 5035 Center Rd, Linden, MI 48451, radiates promise, dedication, and the transformative power of vision.Nestled on 5 acres of land, this single-family home with a pole barn held untapped potential.

Mortgage interest is (potentially) deductible as an itemized deduction on Schedule A only if it is secured by that given property. 

Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the tale of 5035 Center Rd, Linden, MI 48451 – a story brimming with promise, dedication, and the transformative power of vision.From its humble beginnings, nestled on 5 acres of land, this single-family home with a pole barn whispered of untapped potential.

Our interest in the Reginia St deal in Harrisburg, PA, was due to its quick turnaround potential and clear profit margin.

Condition of a property and the cost to repair is just one of the risks in this business and you have to consider that in your buy price. 

Our interest in the Reginia St deal in Harrisburg, PA, was due to its quick turnaround potential and clear profit margin.

Every day for weeksI'm not recommending this for anyone, but I would stop at obviously abandoned properties that had potential and wander around, looking in windows and sometimes going into the house - through an 'unlocked' rear door of course :-)Sometimes the windows are boarded up and you cannot get a view of the inside....then it's just your knowledge and your gut once again.Go to the County and look up the owner....send them a nice letter....even make a dollar offer if you feel so inclined. 1 in 10 might respond.This is the way to find deals with a lot of equity potential IMHO.