I have contacted the engineer, excavator and town regarding issues with water runoff.

I'm an engineer, so I pretty much have to live within driving distance of the Peninsula where most jobs are.

But, as I don't want to reinvent the wheel, I'm trying to find out what else is out there, and what it does.Here's my resume in brief:A.S. in CAD 1986CAD work and Road & Bridge InspectorWorked in most of the trades at one time or anotherB.S. in Construction Science & Management from Kansas State UniversitySuperintending, Project Engineering, Project Coordinator, Project Manager, Estimating and being my own GCI've rehabbed over 100 houses, most for someone else, but a few of my own5 yrs Building Inspector and Code ConsultantThanks you for your time and any help you might offer!

I am a Systems Engineer in IT for a large corporation and my wife works as a Sales Engineer for an Oil & Gas service company. 

Has anyone wholesaled a property with extensive fire damage, leaving only the foundation remaining? If so, what did you use as your tool to determine what to offer on the property (i.e. land assessed value)? Thank you...

@Brandon L. thanks a lot for your answer.It totally make sense what you said.I will work on my credit and in the main time i will learn more on this investment opportunity.I am a civil engineer but still didnt find my self here as one since it is a bit tough to get integrated quickly.I found BP to be a really helpful source for newbie investors (i dont know if i can call my self an investor since i didnt invest anyplace :) ).Once again thanks for your suggestion.

You've already been burned, I would bite the bullet and make sure this next agreement sticks instead of risking a relationship type deal again. 

(I do this in physics and engineering to gain an understanding of a complex system)If you invest 100k to buy a 100k property, and it goes up 10% in value, you gain 10k in value for a 10% return on investment.If you invest 100k to buy a 100k property, and it goes down 10% in value, you lose 10k in value for a 10% loss.If you invest 10k to buy a 100k property with a 90k loan, and it goes up 10% in value, you gain 10k in value for a 100% return on investment.If you invest 10k to buy a 100k property with a 90k loan, and it goes down 10% in value, you lose 10k in value for a 100% loss.Thus we can see by inspection, debt MAGNIFIES RETURNS.

Once you close, the clock will be ticking on your cash burn, so know those numbers cold, and always assume that you made a 10 % mistake.

I have a good paying job as an engineer, but just don't have the money saved up to invest on my own.