Then I would pay a property manager to handle the properties but still keep some oversight.With the other million I would invest it.The real estate investment should generate easily around 6000 to 9000 per month after expenses depending on your deals (estimating 1200/month rent average)The other million should probably generate around 30 to 40K per year after adjusting for inflation.So in total I'd be bringing in about 100 to 150K combined.

If inventory is that low anyways, any move in ready home priced right should bring a few offers.

First, your photo gallery is private, so nobody can see it but you.Second, you're trying to use the link to the page that shows the picture rather than the picture itself.For my first picture above, the page that shows the picture is:http://www.biggerpockets.com/photos/show/685Go to that page, then do a "right mouse button" to bring up the browser's page menu.

James,Thank you for responding, and the point you are bringing up was exactly what prompted me to ask my original question.

The might tiny oak survived the summer, and when I do any spraying next year, I'll bring an old bushel basket along to cover up any small plants before I hit the area.This was just in my own yard.

Husband hasn't been making payment for months and i'm quite sure taxes have not been paid either (she is on title not loan).Sheriff Sale is at the end of the month and the end of redemption looks to be May. bringing the place current is not an option. they owe the bank $295,000 (to bring it current)about 12k out of pocket and the comps reflect a value of $140,000.. man!

If you can find them bring them to me all day long and I will buy every one!!

Or does the actual buyer have to bring the subject up and create a problem?

Do your due diligence, bring up cost of repairs to off set there being no power.

I also read somewhere that you could have a good mortgage broker work with them to bring their credit up so they could end up buying the property, if you wanted to.I'd want everyone to come out ok if I were to do this type of investing.