Google Portsmouth city council, Portsmouth chief of police, PRHA Hud investigation just to get a peek at some of the recent drama. 3) If you plan to SEC 8, Portsmouth is the worst of our cities to deal with.  

Calculating cash flow based on 100% financing is the only way to get a handle on a property when initially investigating the numbers.

The preliminary title report provided by auction.com looks ok but obviously that's no substitute for running my own.We all know QC deeds are toilet paper.

The preliminary title report provided by auction.com looks ok but obviously that's no substitute for running my own.We all know QC deeds are toilet paper.

The reason is that I already have 2 properties and it will be hard convincing FHA that I truly want it to live in it.I will investigate the piggy back loan option more.

According to the registry of deeds, the last document against this property was filed in 2012 in District Court by the United States of America v's the Defendant for an "order to vacate preliminary order of forfeiture".

If I'm scanning the MLS for my area, I want to be able to identify properties which are worth more investigation (i.e. actual numbers, as you mentioned). 

It will allow you to finance your rehab costs.I haven't done one myself so it may not be an option, but definitely worthy of investigation. 

Regulations (like eviction cost) Typical rehab costs Typical time a tenant stays Typical turn cost Landlord insurance cost Property tax rate for the specific location(s) Probable ongoing maintenance costs Purchase price range - When you know where, type and configuration, you can easily determine the sales price range using Zillow or a similar site.Once you combine answers to the above questions you will have what I call a property profile.Detailed Location Investigation ConsiderationsWith the property profile you should know exactly what you are looking for. 

If you are going to present the numbers to the owner, which in my opinion is a good idea, I'd recommend you get the Final Report form and fill it out (preliminary, of course) with realistic numbers based on a recent foreclosure with a similar sale price (say $50K) and then show her that the surplus goes to the COURT... and then eventually to her.