If the property passes the basic tests then you do more thorough analysis.

Who will finance basically a flip transaction:I have an investor who buys a property at a discount from a bank, and resells it to a buyer the same day he closes.

Do your comps, get an accurate assessment of what it'll take to get the property up to selling standard, and for really big projects, make sure that you have a good contractor (unless you plan on doing all of the heavy work yourself).

The tri is basically uninhabitable because its a SFH chopped into three pieces.

Basically, you can find out about properties that are going through the foreclosure process and try to negotiate with the owners to purchase the property prior to the actual foreclosure.

or else this could get tricky.So the basic situation is this: you're going to have to pay all of the bills now (or whenever they're due), fire the property manager and sue him for breach of contract.

The basic gist is the same, but you don't pay *any* tax on the first $250K if you live in the property for 2 out of 5 years... not even capital gains.

Basically, what I gathered was that if you move into an abandoned or unoccupied preoperty and pay preoperty taxes on it for a given period of time, you can sue for title in state court and win the property?

(A lot of "I wish I were your age when I started") Basically having the orientation be free, I felt it was worth an hour of a half of my time if not just for the information, than think of it as being an opportunity to meet with brokers, agents, and fellow investors for insight and additional info.

If you are looking to wholesale this, basically you need an inspector and/or you need to learn what to look for.