Just like a regular loan they sent an appraiser to give a value "as is" and an ARV based on the improvements I told them I would do.

(I check their inventory from time-to-time looking for a deal.  

@Joshua Feit Inventory can often go "stale" if its not a fresh listing and has come back on the market...

Turn our Johnson City house into a rental, buy a house in Charlottesville.All the way, I have made improvements and treated these as my own homes when we lived there, but kept an eye for future rental.  

@James CannonHi James, Find a rental that you like and try to get a ROFR right of first refusal and a lease If it's a really great place pay top market run and take care It Do not pay to improve the property unless you buy the property The best way to buy the property is a note and a mortgage- DOT I would not buy it on contract for deed 

Right now, given the general improvement of Real Estate in the last 5 years, you could easily have someone with years of experience, a track record of success, but zero clue how to handle a down turn in the economy and no exit plan if things turn south.

We're looking at making a personal investment in a parcel of unimproved land (no utilities currently) in the limited improvement district of Perry Park in Larkspur.  

Hi I'm Eric,      I'm a RN and I love being able to help people improve their health.

Buyer has examined the Premises and is relying solely upon such examination with respect to the condition, character and size of the land, improvements and fixtures, if any, constituting the Premises.At Buyer's own cost and expense, Buyer shall obtain and maintain in full force and effect at all times during the continuance of this Contract: (a) comprehensive liability insurance for bodily injury or death to any person or persons, and property damage insurance, in such amounts as Seller reasonably deems necessary; and (b) fire and extended coverage insurance in an amount sufficient to prevent Seller from being a co-insured under said policy of insurance, but in no event less than the unpaid balance due under this Contract.Seller and Buyer shall both be named as insured parties in the insurance policies required above, as their interests appear, Buyer shall furnish Seller with memorandum copies of such insurance policies upon Seller's execution of this Contract.

My current profession is a software consultant with backgrounds in Physic and Music Business.This past year I've kicked my ambition into overdrive and decided to start improving my quality of living.