Most investors will tell you that the real killer is turnover/vacancies, and that's my biggest problem.

Here's an excerpt from his article "The biggest mistakes real estate investors make" on overstating your return:"Your actual cash flow is what you put on Line 22 (“Income or loss from rental real estateâ€) of your Schedule E plus the depreciation you claimed on Line 20 minus the totals of line 19c and 20c on Form 4562, Depreciation and Amortization (“Basis of assets placed in service during the most recent tax yearâ€).

they do a tone of work in your area and are one of the biggest retail developers on the east coast.

With this guy the biggest piece of carpet ever left over is about 4 inches wide.

I'm not the biggest fan of its looks, but the people that have seen it have always told me they like it.

The biggest problem I had was getting the draw checks from BofA.

What is your biggest buyers group ?

My biggest problem is networking with the right people.

For a flip I'd do the hardwood, other people prefer how it would look all with one floor - most are not so cautious.If it was a rental, I'd do tile or vinyl due to water concerns.My biggest issue with your kitchen is the lack of counter space on both sides of the sink.

The biggest things in this  scenario is that the borrow is not current on the first so they very likely have little or no intention of staying in the property AND they are massively upside down so there is no reason to expect anything to come your way in a FC.This is one reason I like first position notes, figure the value of the collateral vs. the costs of the Note + FC + holding cost and you know your worst case scenario.