Buying an existing place that needs upgrading might be more sensible but it will still cost a lot of dough.Plus the purchase of the catamaran.

Are they going to just place a lien on the lot and bill me for the demolition cost or should they bill the owner for the cost as I don't own it and only have the tax lien? 

That said, deductible would likely be $500 or more so how many nights would they need to get a hotel for instance and what would it cost?

. - Costs and Returns : In overly general terms the cost of doing business in Oregon, (especially on complex property types) is more manageable in Oregon in comparison to let's say...California?

Well besides the hard costs (construction, materials) and soft costs (permitting, architecture, fees, engineering) people often forget holding costs. 

Which one of the paid lead generation sites are you finding most effective for getting lead lists and which mail houses are the most cost effective? 

I understand I have to find the right loan and do the math, but is there really any other downside to the FHA and that additional insurance cost? 

It is only fair that you pay them something in a situation like this and you need to consider what this is costing them not only in hard costs but in the inconvenience and lost opportunity.

It costs $300 a year in MD to maintain an LLC. 

There are many different successful strategies depending on your cash, borrowing ability, rehab skills, time, local contacts, or lack of any or all of them.