You set the sales price based on the value today or what is owed.

Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

I look forward to learning all that I can so that I can begin in my own path of restoring my community.My main goal is to uplift my community and shift the mind set that "It will always be this way."

If you were getting the lot with it that would be something but to have to move it and re-set it... will cost more than the home is worth. 

Hello All,I'm interested in some valuable feedback on the multi-family real estate market in Greensboro, NC.My research has been formulated from various sources; however, I would like to hear from a few BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates in their comp set?

It seems if you build it out into a proper modern small set of apartments, you can avoid any big maintenance issues for a long time, as well as making something highly desirable/and therefore priced accordingly. 

Wow, I can't believe I left out how attending and later joining some local REIA's: AZREIA and PREC were and are very important to me and help me associate with successful people and the right mind set!

The water isn't right, its a little too cold, but should I just jump in, and make my first investment, even if it isn't the smartest? 

Don't know that much about it but can set up auto emails for you if you would like.

Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!