To further the comment by James Vermillion, working with a wide range for ARV is dangerous, it is too tempting to look at the upper part of the range and talk yourself into a bad deal.I can't tell you how many times I have disappointed myself when starting with what I initially thought was a good deal, only to find that after running the numbers it didn't work.

At the same time, you are accumulating wealth by paying down the mortgage using OPM (other people's money) by using the rent collected to pay the lender.As an investor with a few deals under my belt, I would be looking at a property with a $ 17,000 asking price and a supposed $ 160,000 value with eyes VERY wide open!

Great place, and I've been informed FHA loans are not widely used because home buyers can put 5-10% down for their purchase. 5% down would eliminate the need for FHA loan fees.

. - I will offer a "unique" angle for you to consider, after I confirm that you aren't nuts.

Hi Kansas City - BP, Are there any manufactured home investors in Kansas City (or Missouri state wide) on BP?

But unless you look at specific properties that you know he bought that are junk (small 2 foot wide parcels, odd shaped landlocked parcels, etc.) to see if he paid the taxes this year, then you won't know for a few years until you see if they pop up at future deed auction.If the counties find that the "super bidders" do not pay taxes on the junk parcels, then they may reconsider the bulk purchase option.

That might allow you to get out of this rental situation.Also check the most recent values and see if things are improving to see how wide of a gap you have to cover.No legal advice

I have a new wide angle lens camera that makes the house really pop in the pictures.

Also, just shy of 5' wide is over 7', and roughly 6' wide is over 6' tall.

Cut tip of caulk tube with as small a hole as possible at about a 45 degree angle apply only enough if a bead to cover cracks and smooth with a wet finger.