Have enjoyed reading a lot of the questions, & the thoughtful & varied answers especially!

As the sub prime crisis continues, there are an increasingly large number of Americans who are facing this situation.Loss mitigation is a method through which one can stop the foreclosure of their home.

I have been priced out year after year as my savings were continually not enough for a down payment on an ever increasing home.

I want to buy this property and continue a split that is already in progress.

It's going to vary by area.

You have the owner deed their property to you and you continue to make their payments every month.

You can usually terminate that with 30 day notice, though this varies from place to place.

I'm not really sure that my flip activity could be called continuous and regular.

Over the years I've had 8 or 9 fire restorations of varying degrees, one house with 18 cats, and NO people, I might add...the crazy lady lived in another house up the street!

Dan, I think prices vary quite a bit across the country, but here's some ballparks from my area (SC)1) Kitchens...too hard to say since there are so many degrees of finish, but expect to spend a large portion of your rehab budget here2) For a small bathroom in a typical rental, I'd say 4-6k.