I've seen numerous examples where various folks try to make a bad deal look better by throwing in long term appreciation.

The site doesn't have all that much activity, but there are tons of pros on there that know exactly what you need to know. http://www.construction-resource.com/forum/

Since my agents are also active investors, I have them help me map this on to a “rental map†of the area.

They know that we are actively working on the building and improving it (which is exactly what the city wants).

You should get you a list of absentee owners and In state owners in your area and go through and look at who is actively buying and send a postcard or just call and see if you can pick up some business.

I've had numerous wholesalers pass out "property request" sheets that ask about price range, location, and buying criteria.

Folks, please be very cautious of taking advice from a poster on BP with such a huge negative influence level and from somebody who has such a limited amount of contributing activity to the site over a long period of time.Add to that the due diligence that has uncovered the original posters inability to make wise investment decisions, you should be very cautious as to what advice you take from such a person.

Also check my profile, a group was started for SC about a week ago but no real activity yet.

Numerous bank errors resulted in enormous windfalls.

The IRS is really cracking down on Sub-S corps that do not pay the owners a reasonable salary if the owner is active in the company.You will still have employment taxes to pay.