I have recently come across a foreclosed house with an ARV of $480,000 to $500,000. It needs $50 or $60,000 in updating/ remodeling. Has minimal deferred maintenance and I am likely able to purchase for $250,000. Howe...

I have used them in the past and they will take care of it all as well as perform testing once complete to give you a clearance letter noting there is no mold.

Here's a simple test: ask them for the lab paperwork on this condition.

Time intensive but very cheap.

Testing for something is due diligence.

Of course they would love to make a quick profit if that happens but this auction is mostly about testing the market and finding leads.

One of the best ways to find out if a developer’s homes stand the test of time is to chat with people who live in houses he has already completed.

Others run really well...But either way, you have a more people intensive operation.....and investors like to be able to have some control (which you lose to some extent in the condo)... 

I realize that you study all you want but at some point have to take the test and most likely will never feel ready for the first one, so I decided to get my feet wet.

The landlord tenant relationship has definitely gotten "chilly" and my patience has been tested one too many times, plus there are upgrades I want to do so I can raise rent, upgrades I can't perform while the property is being inhabited.