The attorneys influence this heavily and are counting on the house sale to pay their legal fees.

My experience is that the appriaser's tend to watch their P's and Q's more than others because having that FHA designation is like printing money these days.The last FHA appraiser I met told me " you can't influence this appraisal". while I tried to hand him my hand picked comps.

I would think selling off a bank-owned asset in order to capture those funds would boost the bank's overall well being.

I have to say, it makes me think that the people saying that have ulterior motives to influence people into other areas.Memphis ROCKS!

Let's not forget the downward pressure on prices in the market currently and over the last couple years will influence the need for new construction to structure its capital deployment and lower costs to build overall.

Sorry I don't know your local market, but yes 30% can be done here.BTW, the largest home in the country is less than 20 miles from me, but it doesn't influence the market.

Now with that said if you can take some of that profit you make and use it to give back to someone in need as part of your investing strategy I think your helping others and being a positive influence in the community all around.  

Something to consider, because a reassessment at $200K would boost your tax bill $582).Insurance: $1,000 (This is an estimate based on duplexes that I own, but it may be a little light because I have $10K deductibles, something your lender will not allow).Total Operating Expenses (43.49%): $9,916 (This does not include vacancy.

We will be using our tax return to pay off any current debts and she will be getting a secured credit card to help boost her credit a bit more Which is already at a 720.  

Ignoring all other influences it will have an affect and could be cause to seek a premium.