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?

Pawn shops take possession while others hold a document (auto loans) but not the asset.You need a good repo man if you do not hold the asset.John Corey

Back in Canada, we set up shop and now...we're selling Dubai real estate.

What's going on in the neighborhood?

.#1 Tax Sales are SAFE, #2 (ROI) Returns are GUARANTEED, and #3 All Tax Sales are GOVERNMENT MANDATEDSuggestion: Attend a Few Sales at the Courthouse in your neighborhood.

Check out the neighborhood; understand the comps; determine any repairs needed; look at the leases; etc, etc, etc.However, assuming all that is satisfactory, the key point with rentals is to make money.Here is how I see your potential deal:Gross Rents: $3,890Operating Expenses: $1,945NOI: $1,945Mortgage: ($99,900, 30 yr, 8%) $733Cash Flow: $1,212 or $151/unit/monthThis is an EXCELLENT deal from a numbers standpoint.

I set up automatic e-mail notifications for those of my clients who prefer to watch the market in their particular type of property, price range, and/or neighborhood and let me know if they see something interesting.

If it is one or two stories, you can have one made by a welding shop.

I have had good tenants tell me that this person that is always at their house lives in the neighborhood and is just visiting.

Did he do the repairs or did a shop do the repairs?