Here's a list of repairs and approximate costs:New 100AMP service w/ all new copper wiring throughout: $3,000New roof $45007 new windows: $2500Drwall patching/texturing $3000New doors/trim throughout: $1800Hardwood flooring material (I installed): $600Carpet: $2800Tile: $800Bathrooms: $2500-3,000 a pieceGranite countertops: $1500Paint Material (I painted): $1000Garage Doors: $1200Appliances: $2000And a whole bunch of miscellaneous stuff (it's on a spreadsheet somewhere)=$39,000Purchase price was $54,000 and have a pending offer at $120,000 which was our goal from the start.

This whole method sounds complex and I just need to pay my personal bills since I am not currently employed.

If the deal is just something you found but don't have under contract, there isn't a whole lot you can do (that I know of).

It wouldn't make sense for him to permit me to sell it when he could let me default and sell the whole thing for a huge profit.Can anyone suggest a way I could pull this off and still keep half the land?

I am actually from Milwaukee I lived there my whole life.

Surprisingly, the whole situation has worked out well even if slow.

That is good for investors who are snapping up properties, but it is not so good for the overall economy and the average homeowner.Here is the link to the whole article: http://business.financialpost.com/2012/07/12/surge-in-foreclosures-signals-strengthening-u-s-housing-market/

The taxes themselves are $374.30 which I also deducted from the payment of $1901.40 and I also deducted the $180.00 for forced place insurance since it's included in the whole payment.

The last Whitepaper I read suggested we had not even achieved 50% of the total.

Again, welcome to the site - there is a whole encyclopedia of information available to you here.