Now all the amateurs will come up and swear by there methods.Here is where the sharks separate from the guppies.

If you ever have a vacancy you would need to remove water tank, furnace, condenser and board up property. 

The seller paid $4,500 toward my closing costs and $1,000 for me to get a new hot water tank in the other unit!

We as RE investors need to always continuing on learning more about this everyday changing business, there are to many gurus out here steering new investors wrong on "played out" strategies that doesn't work and I cant stand when a new person wants to change their lively hood and a shark guru taught them something that has not work since the 80's.

I have been doing this 13 years and have yet to do a roof, water heater (I have a tanked water heater that is 25 years old and has not started to leak), or furnace (but I did obsolete one wall furnace with a split HVAC).In the absence of numbers I believe that the numbers I put forth above are the best available for San Diego. 

I understand that filling a tank can cost a fair amount up front, but does it last for a while in a warm-ish climate (SC)?

Electrical and HVAC, also both hot water tanks were just both recently replaced.

The $450K is probably the amount the owner owed the Bank.The sheriff does NOT list the upset prices.I would say the most important things to look into before buying at sheriff sale in NJ:1. tax liens2. condo liens3. primary lien that might survive the sale4. oil tank or other contamination - need of remediation5. know if property is occupied or vacant6.

I don't want people to feel duped by a "shark" so to speak.Thanks, Sean

.- Always nice to hear from Massachusetts investors especially ones who hang with members of the Shark Tank.