We have bought many homes Subject 2 the existing financing and brought the loan current.

Most issues can be brought into complaince if it's not a totally a dangerous building.If you do decide to walk I strongly advise you not to keep rents and not pay the mortgage.

Just brought it up to the curb and it was gone like magic.

The A seller and C buyer lender requirements have dried up my pipeline to basically zero and I never see the topic brought up on BP anymore.

Michael it sounds like you don't know the area well enough and bought into a marginal deal.As a wholesaler buyers aren't looking for good deals.They want GREAT deals.To obtain the highest price you need to expose the property to the most amount of buyers (flippers,long term hold local investors,out of state or country investors,home buyers etc.)Each set of buyers will have a certain value in mind they are willing to pay for what they are trying to do.It doesn't mean what they are trying to do and pay is market value it just means for their strategy they have to get it at x price.This is where you need to define who your target audience is going to be with a particular property.

Sometimes the borrower gets a better audience through the attorney who handles the foreclosure for the plaintiff.

If so, I would definitely bring this to his/her attention and find out why such obvious things were not brought to your attention so that they could have been rectified during the rehab.

They may or may not be true for that area.Inventory numbers depend on what type of product.3 bed 2 bath under 150k might be tight but everything else for example might be over saturated.In my state of Georgia levels are lower but banks have a lot of inventory they own and are trying to put on the market for the peak summer months.So levels might be down but that doesn't mean more inventory isn't waiting to be brought out to market.

Jon Holdman - After expenses, in my first fiscal year of owning the home, including repairs, maintenance and initial vacancy, it brought in $710.96.

I was preparing to yell, NOT AT ALL, and my BP peeps above nailed it.Andrea brought an even better mindtrust. . .