The unsold items remain in the house.So, it looks like the owner's family has pretty much abandoned any attempt to further liquidate the estate (probably figured there'd be no value due to the HECM).Does anyone know who one might contact at the lender (BoA) to see about perhaps buying the home?

"The Federal Bankruptcy Court is an accomplice and should be held accountable along with the plaintiff in an "attempted financial homicide" against me as a landlord.

Once I started demo I learned alot about old houses and poor previous attempts at renovating.

More concerned someone could attempt to claim the property after renovation really.

What you are attempting to do is build up protection as you increase your portfolio and personal exposure.

Please, I urge you not to attempt to fix a house just to get a loan.

My father, sister, and I have attempted to buy property in Lubbock, TX where we've had a couple of deals fall through (bad inspections etc), but I'd rather be patient and picky and get a good deal than be quick and stupid and get a bad deal - especially for my first one.

I was just excited for the experience and wanted to share both the experience and the encouragement I got from the resources so far.I plan on being sure to ask a ton of questions on my first attempt at a deal for sure, but even before that I also plan on being very active on the forums ahead of time.  

Realize that you have folks getting into this at a very low barrier to entry, yet they appear to be stating "what" a property will sell for in six months, you won't find any professional appraiser making such a claim, yet they attempt to. 

But to David's and Benjamin's point, the experience of attempting both of these strategies will be a great way to determine which (if not both) are for me.