Call the planning department for the city where its located.

Or would the number of rentals in a major downturn be greater than the demand, causing rental prices to drop thus potentially causing many properties to go into negative cash flow?

Since these are new units your should be able to avoid major repairs in the first few years.

Do you think the bank REO departments that were so hard to get in touch with may be a little more accessable?

The name of the company is "1031 Exchange Options"Yes, the DRE is the CA Department of Real Estate.This company markets TIC opportunities from large commercial project to smaller investors who are looking for replacement properties.

We treat then at our pleasure or error.I think that at least 2 majors will restate their earnings and there is more blood to flow.I personally know of 2 top 20 ML's who currently dispose of REO's via on line sites who, because of uncontrolable volume are considering trying bulk purshase, small initially but .....A third person I/we work with is personally aware of a significant 3rd I am aware of at least one other to my comfort.I don't wish to argue all the good stuff you chaps articulated.

If you don't understand the business, you will almost certainly lose a bunch of money and fail like the majority of newbies.

Hello,my name is Nick.I am from Evansville,IN.I am an aspiring rehabber.I work for a major automotive manufacturer.I have a wife and two kids.I love working with my hands.I bought my first house for 61.5 two years later after finishing 300sqft. in the basement I sold it for 82.5.I work nights and don't see my family very much during the week.My goal is to rehab on the side until my wife graduates with her nursing masters (3yrs) and I will then pursue real estate full time or if I can double my salary in one year from rehabbing,I will do it full time.I am very excited about doing something that I LOVE.I have been to other sites and have read johns post for the last 2 months on steve's site.This one however is the best.Thank you I look forward to talking with you all.

If your going to rent it even worse you renter will not be happy living above what seems like a toxic chemical dump. they ll call the health department and boy your troubles are just starting now you don't want them finding a hazardous wasteland under the house get in there now while its easy to access plus it will just build up and you ll have rats the size of small dogs under your house and it can cause foundation problems. your better of not selling this problem to someone else you may end up in court if they see chemicals they ll know you knew about it sometimes(most times) there is no shortcut you ll have to rework your budget to accept this.

Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.