I did it once, consider myself fairly competent in rehabbing, and it was not very difficult.

I am fairly new to buying and holding and this news is very disturbing to me because i need some cash for some other flips and holds.

If you go this route, you absolutely must get an appraisal to make sure you're getting a fair deal.

Oh, and the area the home is in is fairly decent..its in the inner-city..i havent actually went by the property, and i dont wanna label it as a war zone..cause here in st.louis..some parts of the city will be i quiet neighborhood, and 10 blocks over would be a war zone..help!!

Brian,In your listing agreement you signed it should say acceptable forms of communication that are selected e-mail,written,fax,certified mail,etc.If e-mail wasn't selected then contractually that is not given proper notice for a price change.Did she confirm BACK to you when you sent the e-mail about the price drop??

Property taxes and HOA dues are usually pro-rated so you will be paying your fair share for those while holding (even though you might not directly make those payments).

I am going to send out yellow postcards to a list of absentee owners in my area. Just wondering how I should word my letter? I want to buy their homes...

I can tell you from working in land development do not get greedy.There are ways for the city and for a developer to get your property for less if you give them trouble.If it's a fair offer you take it and call it a day.If they are trying to steal it or buy it for less than you could get for development yourself then you fight them.You don't give it away but for a fair offer you agree.

I sent an email, as that's been the most effective way to communicate with him in the past.When I hadn't heard anything for a week, I called his office to confirm he received my email. his paralegal said he did get it and was working on the file.

;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.