If you're estimating $30K in repairs, don't quickly assume you can price it as-is for $160K minus $30K, because to an investor it will have to sell for much less, and to someone who plans to live there it will also have to sell for much less. 

.  ;-)My 'problem' is that I now going to cash, but I really don't see ANY commodity that I can 'safely' invest in knowing we are in for a crunch.  

Safe to say that it is an extremely competitive market down here.

If you have not closed yet, then obviously you can't file for eviction.If the seller has not got the tenant to sign this new lease yet, tell him quickly to not do it.

When I found the property I did a quick analysis and also I called her immediately and after I told her the location her response was "Buy it!

Probably better to act on the safe side:)Thanks!

And just having some dirty dishes in the sink and some old or rotten fruit sitting on a table somewhere can cause them to multiply quickly.

Crime websites say it's a somewhat higher crime city, but it's nothing we've directly experienced, just part of living with other people, and we feel quite safe there.My question is about some of the neighborhoods in our area.

Used all the money plus brought in 20 k to make the rent low enough to make sense and be safe.

Admin FeeUnderwriting FeeLegal FeeExtension FeeProcessing FeeRequired 3rd party fees (e.g. certified appraisal)Inspection/Draw FeeWhat is your draw process and how quickly will I receive funds?