Make sure the title is good (sometimes foreclosures are done to fix title issues that cannot be fixed otherwise, or in lieu of a quiet title suit).Close the property, best before the two weeks is up.Wholesale it out.Sometimes, if the property is under contract, the foreclosing entity will postpone the auction.Good Luck,Jim

The cost to fix known issues should be included in the strike price or you should know that it's not a real issue.

Its not about how its constructed but about how its maintained.Anyone who has tried to renovate a 30 year old mobile home versus 30 year old house will agree the fixed structure house is constructed much better. 

After that we had a few evictions with drama, spent more money fixing damaged things that shouldn't of had to, belongings left behind, break ins, loss of rent etc etc.It definitely stopped me from buying other properties, because this one was a suck of time and money, that I believe was a mistake.

The goal of this partnership is to purchase distressed properties and fix them up  for buy and hold purposes.

Already have a rental property that was a live in fix-up.

Does anyone have experience using hard money lenders from Connected Investor for rehab purchases? I submitted an inquiry on their site and have been inundated with call and emails from various lenders. Just wonderin...

Your P+I (for 30 yr fixed) is going to be closer to $3,000-$3,100 for a 3-unit investment purchase.

I would vacate them all (my houses) out and fix them up and then try to sell them.

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.