We'd love to hear your thoughts on our situation:Offer accepted for Single Family Home (foreclosed bank owned) - Chosen through bids - communication with seller was very slow and drawn out.

Once you know what direction you want to go, it wouldn't hurt to find a local mentor in your chosen area of focus.Just my 2 cents worth, best of luck.

While we could certainly make more money if we spent more time at it, we have chosen a different path.

You make a very interesting point that I didn't even think about how some agents take a gamble working with people for weeks or longer to only realize that they don't have funds to close.

So much so that I have chosen to build my business around that core principal.

Crime rateGang activityHorrible weatherNothing to do unless your hobbies are shopping and gambling.

Does this sound like too much of a gamble?

The property is in a great part of Goldsboro and I believe it will increase in value a bit due to a new highway being built nearby and the shopping area improving nearby as well (but that's a gamble).

Second, they own a bunch of rentals, which they have chosen to place in this particular park.  1.

But if you're willing to take the gamble, the returns could be huge if the development does happen.