i was hoping that the asset mgt company would take into consideration the fact that i will have 2 or 3 estimates on the "finish" work of this home.on the other hand i'm a little worried that the bank will come back with an off the wall number.

So, how did this company/investor get their hands on this property?

I purchased a business a couple of months ago and my cash on hand is down to the point where it will take a year or so to recover for another large purchase.

I tried to explain that I need a contract on hand -they don't do that.

Expenses on the other hand, may continue to rise.Rentals are a source of income right now.

His post in a recent thread says it all to me: On one hand I kind of like that everyone is afraid of multis.

The buyer is interested, and you make arrangements to meet with him and hand over the pertinent information on the house.

So - unless you have $$ on hand to buy them and then re-sell them right away to your buyer (dual close), you'll need to stay away from foreclosures.

Then if you are worried about the dollar tanking, you convert it to a hard currency like gold coins at face value.Then you sit back, let everything fall apart and when it hits bottom start buying everything in sight with both hands.

The first column is where you list the condition of the property for the first walk-through you do with the tenent before handing them the unit, which you both check off and sign.