My biggest impediment to expanding my business is that I'm a major control freak, and I wouldn't be comfortable investing in locations I'm unfamiliar with.

As far as HUD is concerned, not all departments that administer the program are run the same.

One of the major hurdles is finding land that is zoned for a high enough density that it can make sense.

3XXX Tartarian, Needs MAJOR clean up, carpet, paint.

Once you've purchased the home and addressed all the major items, and you're confident of the maintenance record of the home you can come up with an estimate for your repairs.

Example you are planning on formica in your repair estimate but a majority are using granite etc.2.Is your area increasing,decreasing,or flat in pricing and by what percentage each month??

Vacancy can take a major toll on a house, and there may have been issues caused by lack of occupancy.- Just because an REO is priced $50K under market value (for example) doesn't mean that it requires $50K in repairs.

I have found a 2 Unit / 2 story 3,000 sf - probate property that needs major rehab..The seller is asking 85,000 - NEED INFO ASAP to make offer!!!

They can afford to pay more than you and still have a good deal.OTOH, homeowners are often cash poor and just don't have the ability to take on anything major.

Pooling money is the quickest way to get side ways with the SEC and state finance departments.