I wish it were the case that the area was up and coming with new developments but it's a fire damaged property.

@Sam Craven Your podcast interview really lit a fire under me and encouraged me to start down the path I always knew made sense; making a business plan before you plunge in head first.

@Brett GravlinHow much are you paying for the home-fire insurance?

The landlord policy covers the dwelling in the event damage, fire, injury and what not. but does not cover personal belongings from damage or theft.

I also see many post from people who have been firing away with "yellow letters" for months with no deal complete.

I also got to know the neighbors at another property so we always chit chat and have been over for a little bit of a fire.

To the extent reasonably available, the Association will maintain property insurance insuring against all risks of direct physical loss commonly insured against, including fire and extended coverage, in a total amount of at least 80 percent of the replacement cost or actual cash value of the insured property as of the effective date and at each renewal date of the policy, for the individual Units, for insurable Limited Common Element improvements, for insurable General Common Element improvements, and for insurable Areas of Common Responsibility improvements, but will not maintain any property insurance for alterations, additions, improvements, and betterments made by, or acquired at the expense of, and individual Owner or a Resident to the Owner's Unit, a Limited Common Element improvement assigned thereto, a General Common Element improvement or an Area of Common Responsibility improvement."

It might be a liability to her (squatters, fires, lawsuits, lawyers, etc.).Somehow, I think you are far from done probing to ferret out the real story.Maybe she could use your money to buy the new Bentley with V-8 and sell the one with the gas guzzling 12 cyl.Or, perhaps this prospect isn't ready to sell now and the issues must "season."

Some states have time limits on redemption rights for lien holders so if that time is almost up, you may have too much of a 'fire drill' to really do anything.

I'm on fire. =) How are you approaching your wholesaling in Virginia?