Yet, there seems to be this common thread among many of them: many are stuck right at the precipice of getting the thing they need.

How common is this?

You can get a larger downpayment, more rent, sell at maximum value, and some times the people don't follow through...hence the reason they have bad credit and need a rent to own...and then you do it again.can you give me a "rent to own" scenario, say the house was 120,000 with a monthly mortgage of $900.

These multi-story buildings generally offer individual apartments for rent with common area facilities, such as an entrance, lobby, elevator, stairs, hallway, walks or grounds

Other than that scenario, I would start with the simple jobs first.Good Luck

But for the outstation buyers it is very essential to know about the current scenario of the place as you have mentioned.

HOWDY YALLGarGus it sounds like the Austin area is making a good comeback or at least the start of one.I remember when I took my ABR over there everyone was dealing with contract wars and then the high tech crash came.BCS is still riding the wave and building is going on everywhere.Especially in the commercial arena.Land has gone up steadily which has escalated prices but this area is still undervalued compared to most of the places folks are coming from.It is common to see people buying with a good chunk left over from their out of state sales proceeds.Investors in rental properties are not as happy as they once were as the escalated prices are making it hard to get a good return without putting more in.The junker market has alot of inventory for those that rehab.Some Ive seen as low as 22000.The lots are usually good size.(10000 sq ft and bigger).Locations most of the time are iffy.High end rehabs are coming into the picture more now.Wealthy College kids live in and trash expensive homes that their folks buy and then wind up selling them cheap to cut their losses.Ilove this country.Well im off to NYC for 2 weeks of R&R with the family.Hope yall write a bunch of clean deals while I'm gone.Adios.Jennysh thanks for the website on your condo hotel its a beauty!

I don't think the guy did it on purpose, but you need to read what you are signing, and use some common sense.

I think of a colony as a primitive, old fashioned settlement that was more common a few hundred years ago.

Ok, so the faucet has a drip and apartment 4 has ants coming in - maybe if the tenant in apt 4 had the common sense to clean her kitchen there wouldn't BE ants .. but somehow that is my fault too.