It is simply easier to given them title and to do a DIL or foreclose if they quit paying.

Mandan has changed quit a bit.

Rob – I have a saying I'm going to use quite a bit in my presentation at the BP seminar in Denver: "widen your horizons and expand your vision".

But I don't quite understand about Titles.

This would have come in quite handy, as our closing price was not $80K (we were wrong the the ARV, too), it was $67,500.

Of course everything I mentioned is assuming all you've assumed yourself regarding purchase price, income and expenses, which you seem to be swinging quite wildly at.

Quite the opposite, most of the dollars I put into a property are yielding more than a dollar in resale value, so many dollars are actually CREATING my profit.In additions some of the other dollars are put in not to improve resale value by 1 to 1, but to speed resale time.I would say that in a well-managed rehab, few dollars that are put in come straight out of your profit.

With the terms you quote (which are quite good for NOO) you're getting $175 a month in cash flow for an investment of $140,000*25% = $35,000.

I work abroad, so I am limited with respect to the amount of on-the-ground research that I can do for the time being.I am in the fortunate position in that I have been able to save quite a bit over the last 5 years, so I don’t intend on getting a full time job after I leave my current position.

Hello Jon, The detailed answer is quite appreciated, I realize it must have taken some time to answer in such manner, so thank you :) Some follow up questions:1.