=)FINALLY I've been able to save a bit of money and the value of properties are dropping into non-idiotic ranges here in the LA area.

breach or threatened breach on any provisions of this agreement, the non breaching party shall have minimum adequate remedy of $10,000,000"

That means that a starter vacation rental property in Newport Beach that rents for $2,500 will gross $55,000 annually while a non-vacation rental will gross $30,000.Please note that I said gross, and that does not imply cash flow.

To them, no job = higher chance of a non performing asset = no money for you.Or what you may want to do is find a hard money lender to get you going on your first rehab.

We paid $300 non refundable pet deposit.

Horton, Meritage, Richmond American), unfortunatly too many eggs in one basket, but I've regrouped and things are pretty good right now, still could'nt stop a foreclosure on my primary residence, no work and massive medical bills is a bad combo :violin: .So for now I'm lurking, no more bills, debt free and getting ready for action.

Ohio is a non redemption state, thus you purchase whould be clear of all other liens outside the first. keep in mind tha appraisal is only an opinion and does not dictate the sale price at all.

Maybe I buy in a neighborhood that's close to various colleges, but I end up with a non-student tenant with low income.

There are also many non-profit orginizations that offer down payment assistance for 1st time home buyers and give anywhere from 3% to 20% of purchase price.lito-

This is a complex issue and you should get advise of a competent CPA that understand real estate.Dealer status asside any rehabs or "flips" will not get favorable capital gains treatment.