Anythingbeyond that would be above and beyond my goals, and would be a bonus.I have funds saved up at this point to put into any new ventures I pursue.My few main questions are these:1) In just one zip code near me, there are 14,000 foreclosed homes, and150 of them have been since April.

In an area where I look for student housing, the university has a rental listing service, and one of the main local property managers has listings online.

he says he just bought 400 acres in Maine and is moving to build there and just wants out of the property.Help me out here - what do I do now?

While I can't guarantee that many of those are owned by "out of towners", I can sure make an informed guess.I recently spent a week in Oregon and every town we drove through and/or spent 1/2 day in looking at property had a s**tload too many For Sale (by owner and Realtor) signs out on the main roads.

Ive never flipped a house before, I have no idea what supplies and materials cost, and I dont know what's a good price for a decent contractor.

If it then works out that the house goes up or down in value just ignore its value unless you are willing to sell.Having a bedroom on the main level or other factors could be more important to your future happiness than trying to keep the value of the house under X% of your net worth.Flip it around.

The main thing I am unclear of is the fact it is 'Government Subsidized'.Is this an advantage or disadvantage?

Ive fixed plumbing problems in my rental units from main drain clog, froze/busted pipes to broken mains inside and out root infiltration you name it. call roto rooter get a sewer camera inspection and find out whats wrong it may be a busted elbow this may be cheap to fix now if you have crushed main's some plumbing contractors offer a pipe bursting or pipe relining service and its done with hydraulics they don't even have to dig your soil up they inject a liner in your pipe with pressure guarantee 50 years also try rotorooter,com p.s i had this same exact problem sewage coming out under kitchen i ripped up the floor dug around the pipe then called my plumber to fix it cost me less than a thousand bucks

I would research the name and any info that can be gathered off the main search engines.

In my market in Mid-Michigan the actual number of sales are up about 10% from last year at this same time but the average sales price is down about 10%, mainly stemming from a large number of the sales being from reo properties. selling way below the market average.