I am considering getting an attorney involved, but I don't want to end up spending more time and money than it's worth.

To me it's foolish to just install a new system so "I won't have to worry about it" and DOUBLY FOOLISH to spend money so "I can write it off" (see my other posts on this subject!).

It is absolutely worth spending the money up front . . . waiting for everything to go awry is a formula for disaster.

We were told that, "economic growth is slowing, reflecting intensification of the housing correction and some softening in business and consumer spending.....

If you flip a few you can afford to spend money on the service.2.

Most of them have signed off...but not all.Talking with the attorney that is handling the estate he informs me that I'm going to have to spend some money with another lawyer on "an action to clear cloud" (whatever that means) to get a clear warranty deed.But I figure even if it runs me 5K to get a clear warranty deed it's still well worth it.Once I am SURE that I can get a clear warranty deed I'm going to buy the property, and I'm going to see if I can find an investor that's willing to buy it from me with my intentions of making a quick $10K.If that doesn't happen then I'm going to start rehabbing it.

Furthermore I cannot get a job as I am here on a tourist visa.I am literally spending 100% of my time trying to find motivated/desperate sellers.

I never care what gold is going for,no interest in it at all.As for oil, eventually the price of oil/gasoline will hit the consumer in the pocketbook and he will have to spend money on gas that would have gone for other things; clothes, restaurant meals, vacations etc.When this happens (I think it's been happening but people have been using their houses as banks) it'll slow the economy down.

Flipper is right on when he says it depends on the lender.I sold a house last month where the lender extended the forclosure date a few days so that we could get a deal closed.I would say the most difficult part of doing this is getting the right information to the right people at the right time.

Your cash spends anywhere while the seller has to sell a specific property.