George, I found a great, oversized lot on the Bloomington Hills golf course – really one-of-a-kind and leftover from the development of the area 15 to 20 years ago.

I am looking for a few critiques.I developed the website on my own, my background is in IT so I have some experience, however I don't consider myself creative or artistic.

Might end up lower, depends on what is wrong. 1 bds have a reputation for high vacancy especially in lower icome levels.Being close by is a plus, will you ever move?

The subdivision is a newer development w/ new houses still being built for $300K, give or take $10-20K for size/features.I would imagine the neighbors who live on this cul-de-sac would like to see this house fixed up; the neighbors in the development would want this house repaired for property value/affect on sales.Who would I talk to about this house?

The app they developed is pure genius, different, and, IMHO shows the kind of thinking that got them where they are and proves again that out of the box thinking is possible, even in real estate.http://www.inman.com/news/2012/03/9/sawbuck-app-serves-real-estate-data-snapshots

Taylor Hall, here is a reprint of Karen Hanover's take on apartment building classifications:Lender Ratings of Residential Investment PropertiesLenders have developed general classifications of apartment buildings so that they can communicate amongst themselves and other members of the industry with some level of uniformity.

She lives in a nice development up on a hill overlooking a big Lake.

BTW almost forgot, real estate is a people to people business, take this guys out to eat to talk business, take them for a drink or two at a nice place, develop a relationship.

I have worked with a few of them; although their LLC status is pretty much irrelevant in the accounting side.Talk to a reputable attorney on the matter; however, as Bill Gulley said Insurance is your best bet starting out and equally important as time goes on.

I have the cash to purchase most of the properties that I want to make offers on and I also have a preapproval letter from a reputable known HML that says that I have more than enough cash for their required down payment and that they can close in 10 days.