Just realized in my post I put Brandon and J Scott...

Since I get out of work by 11am I've realized that I have an advantage over most people in real estate investing that work a J.O.B. in the fact that I have time on my side.

I realize that for certain investors condos are a niche they like to play, personally I see too many uncontrollable variables and constraints with little upside, control or in many cases appreciation opportunities.With little control over a HOA that inevitably raises fees and charges periodic assessments that are likely expenditures you would not prefer or receive any financial benefits are inevitable in most cases but surely cut into your profit margins, plus these associations can make renting more of a tedious task than necessary.Also, the upside for any rehabs or overall appreciation will be directly tied in to the entire complex.

You realize you would be doubling your money, essentially right?

I can't say for sure, but if your offer is accepted, you may have already made the biggest (and worst) newbie mistake of all - offering too much.In my area, if a house is listed in the MLS and needs "minimal work", it usually sells to an owner-occupant, and they usually pay too much compared to what in investor should pay.Also, realize that the majority of offers made by experienced investors are NOT accepted.If you really made an offer low enough to get you 30,000 in instant equity, your offer probably won't be accepted.

When people look at these homes they immediately realize they are generic and trashy.

mark,I just realized your from Jackson, I grew up in Jackson but I'm 7 years older.

so about myself, ive been building, remodeling, renovating houses for about the last 8 years and ive realized its time to use my skills to benefit myself.

I realize that's not your problem -- it's ours -- but hopefully you can help us get creative on what we can cut or change to get there."

I don't understand why you didn't just put down the shed the moment you realized someone was squatting there.