(Read this article on the SEC investigation here: http://www.mpamag.com/mortgage-originator/sec-points-finger-at-brokers-in-bofa-suit-15586.aspx In June, whistleblowers came forward and accused B of A of unscrupulous and downright illegal foreclosure practices where B of A bank officials were offering rewards to front line employees for meeting foreclosure quotas.

If you have a health issue or another opportunity presents itself, the money is there to switch gears and keep moving forward.

Plus I noticed she has a homestead exemption on the house still, if she officially rents it and that falls off then property taxes would also be based on a value about 1/3 higher than now.A house recently rented that is located nearby in the same subdivision, same beds/baths, but is almost 300 sq ft larger (hers is 1291) and backs to greenspace rather than a trailer park for $1300.These numbers also don't work for me taking it over subject to.So pending on how much she can afford to lose or risk, I'll let her know what's been discussed here after I firm up some #'s with a few calls tomorrow.Thanks!

I'm definitely hesitant to do many buy and holds in a small market because I don't trust the long term economic health of a small town.

They are looking for things that are health and wellness problems(heat, running water, functional kitchen, lead paint) and that there are no big expenses looming in the next couple years.

I am reading through customer reviews at the moment.I am working towards my first official investment property, so I am still a newbie, in the educating myself properly.

@Wayne Brooks in Memphis we have tax auctions and delinquent tax properties that can be sold without a auction from my understanding according to the county officials.

I have not officially "introduced" myself in the forum, so I hope my first post here is acceptable.My wife and I are newlyweds in the Town of Tonawanda who desire more out of life than the normal rat-race 8-5 job (no offense intended to anyone).

With only one family actually living there right now it's been hard to get something official written up.

Here's a look at the details:Report: Half of all home purchases paid for with cashWhat does this mean for the overall health of the market?