With the ever increasing fees, and the current financial difficulties, it seems almost impossible to maintain a timeshare.

BAC issued a lot of debt (roughly $240B increase in 2009 over two years... that's $240,000,000,000) and these increases were attributable (per BAC SEC filings) to support growth in overall assets and enhance BAC's liquidity as well as finance the Merill Lynch acquisition.

Rents are listed as $800 (each) for the 1 bed units and $1,350 for the 2-bed unit (these seem reasonable based on rentometer.com with potential for increase on the 1-bed units -- rentometer has them at 900-1000 range).

Will it increase their values?

You have no idea what chemicals were in such flooded waters, how they will effect materials even if they appear clean since wood can absorb chemicals and dry out, like petrolium products.While some of this may not be a problem for the seller, it can increase liability issues especially if not disclosed.

I agree with the earlier comment that your your property management estimate may be a bit high; if you are completely re-habbing the property, then the forward-looking repair estimate may be all right.One consideration is that your property taxes will probably increase as a consequence of your re-hab.I'm wondering of you've considered all of your potential opersating expenses -- lawn/snow, trash removal, electricity for common-area lighting.

As we increase our crews, I been thinking about expanding our territority into Portage and Medina Co.

i know properties that have increased in value over 100% in two years.

I wrote a blog post about some things you can do to increase your odds: http://www.biggerpockets.com/renewsblog/2012/05/27/financing-first-real-estate-deal-pitch-new-business-banks/If indeed you cannot get bank financing, figure out what it takes.

Treat them right, give them a decent well maintained home and you can have a very long term tenant with rent increases as market rents go up.