So even though the house may have been worth $350,000 1 year ago, the fact that values have dropped to $335,000 means that is where we start (based on what it will be like after repairs).

I couldn't agree with you more that as FMVs continue to drop peoples LTVs will adapt accordingly as many more Short Payoffs are completed and slowly help bring down property values.

Since the tenant's water/sewer bill will be lower due to the septic, is that an opportunity to jack up the rent and offset the extra costs of maintaining the septic system?

Even those doing multiple deals per month are just a drop in the bucket.

Maybe add one or two more pillowsSecond bedroom looks much nicer like a bed I'd want to sleep in- but I'd move it away from the window and put on the wall closest the window with a purple painting above bed.Bathroom- remove the shower curtain or pull it back-noone wants to walk into a bathroom and touch a shower curtain- who knows who showered there.If you choose to take some of the notes I have written down and then retake some pictures and have a open house on sunday-resend out the pictures- ask people to come back and relook if they saw it before.Also dropping the price a little might spark new intrest.

The numbers are below.monthly income 8,400 at 100% occupancymonthly expenses 2,200 including taxes, insurance, water and sewer.I have read Mike Rossi's book and like his approach to expenses being 50% of gross rents when analyzing a property.

However, a maxed out credit card would drop your score unless you have alot of available credit.

Cabinet, countertops, sinks, oven, water heater, air conditioner, heater, and some doors were missing.

You either print and mail the docs or you drive to the HUD office and drop them off.So, while signing digitally in color may work, you still need to print and send/delivery...and as long as you're printing, it's easier to just sign.

Before I really dive into the waters I really feel as if I need to have a firm grasp on the construction aspect of this business.