Your reply to Justin about capital requirements and auctions is spot-on.

Also, don't get discouraged if some people decide to leave because chances are someone else will come to fill their spot.

Milwaukee County and the suburbs of Waukesha get the most action though, with Racine and Kenosha counties seeming sluggish with a few bright spots.

It would be best if they knew how to spot potential repairs needed.

Rates are super low right now and the equity can be placed in better spots.

But I've got a promotion and am in a better spot now and recently found out this was going to foreclosure and wanted to know if there was any way I could pursue it.....

(competitors)If the solds all had new kitchens and countertops then don't be cheap.It really depends on the sophistication of the buyers.If they don't like your rehab and have to redo it to their standards it will be reflected in their offer price.I would tell you I would never pay top dollar for a kitchen that had resurface and paint and knobs and can spot it a mile away.It says to "rehabber ran out of money and started half-as#ing to finish the job".Then I tell myself where else did they cut corners??

Most of the time you should be able to spot at least one split in the copper.

The very best way is to obtain a "spot elevation" from a surveyor on the subject property, guessing at about $200.

Then you get to pay the fine because some tenant parked in the yard and you can expalin to your tenant who was late getting home for a spot that he should have parked in the street!