I need cheap carpet or wood\lamonet.

Include money, time, and resources. * Discuss the goals and expectations.

Steve Kachmiewicz What's included in your due diligence?

However they will do 70% of the value no repair costs included.  

The postcards where about $800 for 5000 but included the first mailing postage.

The only wildcard would be the homes, which would have to be worth $4,000 each to make up the difference but, regardless, the bank appraiser would not include the income from them, anyway.However, the big question is what the market lot rent is.

@Joseph YoungIn my experience billboards are always included in the NOI number which is then divided by the cap rate to give you a rough estimate of value, so to answer you question in short yes it should be included.At the end of the day, real estate has to be looked at as an investment you're buying today cash flow for tomorrow.

My motivation to buy my primary residence would include these reasons:1) stop renting / making my landlord rich2) find a bigger place, that I could see my family in for 10 years3) benefit from rising home prices rather than missing out, or worse being a victim of it (in the form of increased rents)4) build equity, get tax write off That's not to say renting is without its benefits.

Of course buying HUDs is an option but be choosy because you may find a GREAT house in a not so great area.BANK and ESPECIALLY local Credit Union foreclosures are a dream, as owner occupied you can negotiate repairs, new wood flooring, HVAC units can be installed and cost added to the purchase price banks will add New Appliance packages and even BLINDS for all the windows.  

The home needs a lot of work, including lead paint removal, some asbestos removal (don't know of the extent yet but I'm planning for the worst), new roof, new siding, rewiring, and an interior gut and reno (kitchens, bathrooms, etc).