If you sell a house "as is" for a fair sum, the buyer may understand the "as is" through the home inspection report, appraisal etc. etc., termite inspection etc.

I'm surprised though in the case where a homeowner looks like they owe the bank more money that fair market value on the house, that the homeowner wouldn't try to go the bankruptcy route.

I have no employees to baby sit, no perishable inventory to move, no franchise fees to pay, and no store to maintain.

Just make sure you have the comps to justify your fair market value.

The good thing is I have a fair amount of investable cash - I'm in a position to pay cash and hold things that way, if need be.

Well yes it is growing fairly quick around here.

You can try out rentometer:http://www.rentometer.com/Not sure how accurate or useful it is, but it's fun to play with (apparently I'm offering a "good deal.")If you're thinking Section 8 at all, you can look at their "Fair Market Rent" page:http://www.huduser.org/datasets/fmr.html

The biggest excuses I hear are that they no nothing about REI, fair enough.

no its not common at allThe neighborhood its in is fairly well though.

Hello- I'm a GC and have done a fair amount of estimating and bidding work also.