Even I think I'm nuts, but the lot adjoins a property I already own and in it's current condition the vacant, vandalized, dilapidated house needing rehab is affecting not only my property value but the neighborhood.

Redevelopment of the old shops that once lined Broadway for miles.

Close to shopping and schools.Estimated cash flow $900/monthYour thoughts would be greatly appreciatedMark

Here are the keys to using a birddog: figure out what kind of real estate you want and be specific (ex: 4-plexes in worker class neighborhoods and no association fee).

Having said that, the swimming pool issue is a life safety issue, and the city, county or state should jump on that if you contact the right office, especially when you mention serious concerns about the neighborhood children.

I use my own, but I shopped for a long time before I found one I like.

Allstate is really doing you a favor by making it clear that you need to shop around for a company that knows how to cover your risks.I am not saying Allstate is bad or that they will not provide rental coverage in many markets.

For this neighborhood, the rent is near the top.

i can appreciate both of your comments..i have about 20yrs experience.i have been doing construction in one form or another since i was 15 yrs old.i have worked in custom cabinet shops,for remoldelers ect.i have been in business for myslef for the last 6yrs.i do almost everyhing.i have always wanted to get into realestate but never had the cash.i always had to support someone along the line.i figure this would be a good way to get into it.i understand your concerns.if there is anything else anyone would like to know just ask.mike

House happens to be only a couple of blocks from my house & I know a couple of houses in the neighborhood sold recently for 120-130,000 & they were smaller.Does the FHA non-insurable mean that it does not pass code for FHA to approve a mortgage?