If it can be rented to cover and eventually be sold at a profit, all are happy.However, I was wondering what happens to the seller in the meantime?

I figure coffee and donuts is a small price to pay for a $15000+ profit.

As far as my strategy, I never touch my profits.

And for the last 2 years, we have stagnated the economy, allow oil companies to get record profits, while unemployment rose.We need people in Congress to work together, so that is going to be key for the next President to deal with.I would caution that a more "cooperative" government where the government is controlling everything is not necessarily what this country was founded upon.

Yes, there is plenty of irony in this election.It is going to be an interesting and incredibly profitable time for some of us.Congratulations, PE BO.

And the profit margin was acceptable and I have to say these guys were an absolute pleasure to deal with.

My end result: I want to start a program, non profit, helping homelss people, especailly the ones who are mentally incabable of getting a job or taking care of them selves off the street and into proper care and help.

I bought my house a couple years ago as a forclosure with a reconstruction loan, atm considering equity it has had a great roi.Hopefully it will sell at a nice profit in a few years, I would consider it an investment.Was also a good learning experience and trial run, a different type of investment so to speak.

Flipping Properties: Generate Instant Cash Profits in Real Estate by William Bronchick and Robert Dahlstrom Buying Real Estate Without Cash or Credit by Peter Conti and David Finkel (Paperback - Aug 29, 2005)

You probably need to know a realtor personally, and offer either a flat fee, or percentage, of any profit earned off the list they give you.