stoney, i recommend going to a couple REI clubs on their free night: the rich club which is off hwy 290 and lu (lifestyles unlimited). go on the free intro nights and take a pen and paper. take copious notes and ask questions and get business cards and pamplets. then at the end of each seminar, leave quickly because they will try to sell you very expensive memberships which will not help you anymore than getting free information here on biggerpockets. i have done this many times and have numerous notes, information, phone numbers and business cards that i use in my rei.

They have calculators like a rehabber both 'top down and bottoms up" where they may create a bottoms up calculation like: 30 square roof with decking, insulation, paint, GC fees, new electrical, for a kitchen fire * depreciation, if applicable Or a top-down estimate: If kitchen construction costs in the area are $200, then the may estimate, e.g. $200 per foot and you have 400 ft damaged = 400 x $200 = $80,000 * depreciation if applicable Some states, you get paid the policy limits even if they are higher than the replacement cost.

Applicants can apply and pay the fee right on the sight.

I just make the card pin code the same as the numerical portion of their address.The other benefit is that deposits into accounts are time stamped.

The area has just recently undergone a drastic transformation from a rural area to suburban with numerous stores, condos, and sf homes having been built in the past 3 years.

It is a misnamed act as the statutory definition of "equity seller" does not require that the seller actually have equity in the property for it to be applicable..

OTOH if you price it on the low side you'll have many applicants.

I called numerous banks they all say 25% down is required on a 2 fam investment property.

You will have to fill out a credit application of some sort and information about the property.

But I have to move fast, so I don't get the luxury of doing a decent inspection now.If you guys can help, I'll be sure to document the process should I win the bid ;-)Also, is J Scott his book applicable to my situation?