We planned on buying a really cheap home here for like 12k that needs updating and using that as our practice home.

I know of a couple people who picked up odd land parcels that had some value but most of the things I've seen are strange little pieces of land that have little value and no practical use. 

Is it only your practice?

Stuff happens, but we bought a home from a wholesaler in a retirement community and spent about 2 months updating practically everything, going way over budget.

Found this on craigslist and am just trying to practice analyzing deals.

@Dean George  my sons was the condo off of burnside that had the heated driveway.. the HOA board screwed  the pooch on that deal.. that's the danger condo board with no practical experience in RE listening to attornies that get rich with litigation that many times fails.. and the homeowners suffer.

This is all subject to local bankruptcy laws and practice.

Crunch some numbers and see if you can find a deal just for practice.

I originally used "test" as the title when practicing with the blog functionality on your site.

We required her to pay us via electronic transfer and have practiced the timing of it with her from her application fee and initial deposit.