Hello-I am new to the forum and just wanted to post what services I am able to offer.I currently operate a branch office in the Northeast that has an investor network of several thousand.

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Regardless of what approach/configuration you take, both would leave you without any reserves or operating capital.

What is your plan for operating?

So ya he's going to lose his house and everything else I bet.

i'm talking a GOOD 6 months to a year of learning about finances (both personal and business), real estate investing - benefits and risks, business operations, and some systems for analysing properties thoroughly.keep in touch.

i hav a friend whos financing just fell thru on a 200 k loan to finance his salvage operation he has the land and liscencing all wrapped up but needs operating capital and money to buy a scale he has some good collateral if interested kevin

Perhaps a strat. of buy, hold and sell is the best bet.

I have no idea what building a bathroom inside the structure will cost but I'll bet it's going to run $10-$15k.

Your best bet is a hard money lender, and if you don't even have atleast the upfront fees (usually about 5-6%) then the HML probably won't feel comfortable with it.Third, when you say you figure it will sell for 70K or 90K, what are you basing that off of?