While it certainly may be price (I don't know anything about your area), I agree with Ophelia about the general nature of the pictures -- they don't do the property justice.

Used to be, a REO was distressed in terms of ownership, and the discount was less for the distress of the property, and more for the as-is nature of the sale.

We are a well oiled machine. we're a Team.

., the oil field worker,   I have finally decided that I have no idea where our local market is going. 

Moving to Cleveland to embark on this real estate adventure while most may think is insanity, was very natural for me and I am learning so much here.  

Pick an aspect of the flip and it went wrong: over schedule, over budget, manpower issues with contractors jumping off the job, design flaws, payment terms, forgot to fill the oil tank over the winter and ruined the radiators and downstairs flooring...

Originally posted by @Linda Weygant:Bear in mind that if you are charging way below market rate for rent, the IRS may (in the event of an audit) impute a market rental rate into your income since you are renting to family.Thanks for sharing this specifically, as it's family the natural inclination is the keep their expenses as low as possible as long as we are covered.

Since you know their natural gas bill is not being paid, better check to see if they are behind in their other utilities as well.

According to Missouri Department of Natural Resources, machines this old may contain hazardous PCB's and should be disposed of by a professional.

Newly married and work in the natural gas industry and am looking to start investing in real estate in the near future.