You're basically tying up the property for up to 45 days (or more with extensions) and HUD is only getting $500 to $1,000 in earnest money.

He noted there was a serious lack of supply, that 50 bidders show up on the courthouse steps and compete aggressively for foreclosures, that there is a big investment group buying up everything they can get their hands on for buying-holding, and that basically the investors he knows are sitting tight.

Do i basically just mark up the price to whatever it is i think is fair?

Ben Leybovich you know what they say, "those that can...DO and those that can't...TEACH" Jennifer Lee I also cannot agree with you because like Ben said costs have become prohibitive due to the government subsidizing everyones education, living expenses, beer money, etc...The best education you can get is from actually finding someone who does what you want to be doing and get on the job training.For accounting, marketing, and other subjects you can get a basics class at the local community college for dirt cheap ($73 a semester here per class)

Basically I have to use my current capital to build more capital otherwise in the near future, otherwise I will create some monthly cash flow but end-up putting myself out of the game for 2,3, 5 years.

Both fridge and the stove are basic model domestic stuff.

If you have a great deal, you'll find more buyers than you know what to do with.Focus on finding the deals.If you find a truly great deal and can't find any buyers via basic means like REIA meetings, Craigslist, the MLS, bandit signs, etc -- then it's probably not a great deal.

rentometer.com gives a basic idea.

They may be getting a lot of bogus pre-approval letters that some loan officer just types up on company letter head which is basically as good as toilet paper.

He said that basically if you are a single member LLC and you are managing the property yourself you will have a hard time proving you aren't personally managing the property even with the LLC as manager.