Where is this REO located?

But there are a lot of markets where shacks pull a million, and that is obviously a location is king issue.I'm not too far from you, and I can tell you my experience buying and selling is that Sf is far more important than lot size around here.

I'm located in the NYC market which has many screw up stories and I happen to make my share in the last 4 years.Here is my recent mistake and hope we could keep this trend going so we could learn not only the good but the bad experience as well.I was rehabbing my flip property with my crew.

Welcome Tim,I have a couple new construction projects winding down in San Antonio, a duplex in NW and a fourplex in NE, both solid locations.  

There are homes that have original finishes, same sf and location and sell for 550k and others that are moderately updated and sell for between 505k and 600k.

I am located only about 40 minutes west of Pittsburgh, PA.

Doing a one-time purchase during the holidays for all your tenants, and mass mailing or driving to each location, is much easier than adding another task to our already busy days as landlords.

A short sale, and all that entails, is the only option, prior to the foreclosure, and only if the lender will delay the foreclosure for the short sale.  

Find out what the average cap rate is where that property is located.

It is located in an area I am very familiar with, in a high income neighbourhood on a quiet street near parks, schools and all other amenities.