I generally send in offers at 7% as a nother poster on this thread mentioned as well, and will settle for 5%. 5% is the number thats hit most of the time, with about an equal spread at 6% and at 4% for the remainder.

I just hit a road block and need help with trying to get past this.

Is there any other way to gather details on sale prices / concessions etc BEFORE it hits the public records?

Electrical is next.

Even a DIY nice kitchen is going to be at least $8K and that's with you doing everything yourself and no changes to plumbing or electric.

I estimate approx $20k to fix it up (roofing, plumbing, some electric).

Some of the thing really hit home.

Then if you are worried about the dollar tanking, you convert it to a hard currency like gold coins at face value.Then you sit back, let everything fall apart and when it hits bottom start buying everything in sight with both hands.

At best you will still pay the federal and state corporate rates and at worst you could be hit with penalties for retaining earnings beyond the amount needed to conduct the business.

It is obviously being used as a shack of a home, the owner is 3 yrs behind taxes with several preforeclosure hits on the tax role over the years.