Are you even slightly aware of the problems many condo owners in Florida have with their Boards, with escalating dues, with (perhaps non-existant) reserve funds and repair and maintenance that needs done, not only to the building but also to the common areas, with control freaks?

Subtract the $10,000 in repairs, then another $10,000 for our assignment, and you get $29,500.

I read the lease with calm in my house and there was even a clause that states that I need to wait 15 days to something be repair.

I always using the home inspection contingency clause and luckily have only had to use it to opt out of a contract once, when a seller would not make the necessary repairs or reduce the price.

The rule of thumb is that to make a profit, you must buy a property at 70% of ARV, less the costs of repairs.

The city actually requires you to have inspectors come in and approve the property - because it has been vacant for 3 years and now lost it's Certificate of Occupancy - I have an idea of what it is going to take, but from the windows to the walls to the fixtures, switches, plumbing - the works needs to be repaired and I need to do the labor to cut back on labor cost.

I've been taken in by deep influence techniques and have the "feeling" of being taken by the guru.

But when you purchase a really cheap house you have to take into account that there will probably be more things to repair and replace - potentially costing you more in unexpected costs.

This forum is for discussion of real estate marketing techniques.]

Many of these properties are something I would be interested in investing in - with the proper discount.Is there some process or technique for engaging a bank in such a situation to discuss a multi-property purchase?