It is in ready to rent condition - immediate occupancy, but personally I would fix up a couple of minor issues in the place....I'm going to assume I can get rent of $500/month (currently not rented but units close by/surrounding which are duplexes are going for $450).Taxes: $100/moInsurance $22/moAm I missing anything?

I have one where the bank found a 15k lein after accepting my offer and it's taking them a little longer to get ready to close.

Now I'm ready to spend all my extra time in learning and making deals happen.

Look at the cost of energy and consumables over the next year and that will tell you what the Fed will eventually do.

And to avoid too many sleepless nights, be sure to have a cushion of cash when you are ready to take the plunge.

He can get it for $110,000 and wants me to buy it for $120,000 I have a buyer that is ready to go at $135,000 My question is, what purchase contracts and assignment contracts need to be in place to protect everyone involved starting with he broker.

It's fully furnished and ready to go (and about 20k less than what I paid for mine, and then had to turn around and furnish the entire thing).

It comes completely turn key and ready to go.

The reason I asked if you were going to rent or sale, the numbers on the rehab can be dramatically different with the latter being more expensive and time consuming.

My best advice for getting the best deals...close quickly and cleanly with a reo agent in your area to establish rapport, then make it loud and clear you are ready to play.