Im mostly in the NW (washington, oregon, hawai'i, Idaho and Alaska) but have also worked a lot in the NE (Boston and surroundings, RI, and around L.I.

There is a LOT going on there with regards to business expansion.There are a couple large companies investing many millions of dollars in Atlanta and the surrounding area.

In your case i'd recommend you do a bit more due diligence on why the paneling is there and if it's common in the surrounding area before you rip it out.Happy investing,Des.

If it's the whole alley, that's a big red flag for us that the people who live around there don't care for their surroundings.

Living Room: We will be painting walls, painting the ceiling, and cleaning carpets.Kitchen: Cleaning cupboards, fixing stove, buying a refrigerator, and replacing the linoleum.Backdoor needs the floor repaired.Hallway leading from kitchen to bathroom and 2nd bedroom: we are replacing the floor and linoleum.What we found under the board2nd bedroom: we are replacing a few soft spots around the edges and adding new/used carpet, fix the messed up door, and painting.Piece of floor in bedroom from hallway that needs repairRestroom: needs new shower surround, new linoleum(maybe) and painted.Master bedroom: needs repainted, new carpet that cover the whole floor.The floor under the wood pieces needs to be patchedEntire Albumhttp://s169.photobucket.com/albums/u204/burtonridr2/Gonzalez_8/

Photos and an opinion of the property, or even the surrounding area, don’t tell the story.

You would also be free to cut a deal with the borrower if necessary as this would not be a short sale.Larger banks could be forced into selling a default6ed note, but it would take more expertise in dealing with banks and being aware of surrounding legal issues.This has been discussed here on BP, you might search for the topic or look at my past posts, if Icould direct you there I would, but I'm not a techie!

Taxes on these properties can be killers some times.In Atlanta you have houses for 15k that rent for 400 to 500 a month but taxes are insane at 3,000 a year based on previous assessments.Atlanta has a 100 year old sewer system.The infrastructure being old means local government will find a way to put this cost on the property owners in the future which will affect cash flow.How much land does this property have??

You would need a whole tube to do a shower and surround that is older.

and yeah, i know, industry research shows no significant impact on surroundings.