But in my experience, comps aren't worth paying for.

Many people forget that if you don't do this and you file a claim it probably will be denied since you don't have the right policy covering the property.One good benefit of doing things this way also is that you will get a refund on the unused portion of the insurance escrow.  

However, you won't get many to help in future if you forget to express some gratitude, even for those with an agenda or those you disagree with.Having participated and supported a number of forums over the years, I encourage poster to "take the best and leave the rest."

Curtis my suggestion is forget about this property and invest your money in two little books BP offers, Estimating Rehab Costs and The Book on Flipping Houses.

Glass building are better as they have floor to ceiling windows.

It's great for getting into local conversations.And oh, don't forget the profile picture!

Novi - forget it... does anyone even rent in Novi?

Heating costs are really a killer in Maine so I'm going to focus on improving the energy efficiency by replacing the old windows and insulating the attic.

They are both great at learning the fundamentals.Oh - and don't forget to set up your Keyword Alerts!

Scenario:Investor purchases building in North Miami in fairly dilapidated state.3200 sq ft block construction with no doors, windows, electrical, drywall etcAt time of closing investor is informed an additional $5000 is payable to Miami City as a 'bond' and the property must be fixed up within one year.Repair quotes for property vary from $110,000-$180,000.Investor flies in contractor from interstate who rehabs entire property with everything meeting code standards, for total cost of $35,000.