Here in NJ we have what's called 'Operation of Law' which basically states that (generally speaking) if more than 2 years have passed since the Mother's death, then title automatically passes to the next of kin (if intestate) or beneficiaries in the will (if testate, and this part is an assumption).

HML's, in my opion have a bad reputation due to the lack of professionalism, honesty and integrity of those who basically enter the arena with a sence of ruthlessness about profits driven by greed than any public service, not all, but enough to taint the barrel.Wearing a suit doesn't make you a professional, neither does a bank account, a college education or having an office.

When you've done a bunch of cap rates you have a feel for what the debt and other expenses will be on a certain sized property, the main variable on a small multi can be whether the heat is included or not.

I collected 750 per month and I had a 261 per month pmt and about 140 in property taxes and insurance and I had a 400 a month heat electric bill.

Basically, after six months, I can rent the property to a third party.

This is basically for showing the investor how I came up with bids, comps, and just general info on the properties coming to auction.

Facebook is the one with the incomprehensible status updates and heated topics about American idol.

I will order a diminished value report, which will basically tell us the value of the 11 feet and FATICO will compensate you for the loss of that 11 feet.

I have no intentions on doing anything, I'm only asking to learn and know for the future.A fully fresh rehabbed property just came up on the MLS, new stainless energy efficient appliances, carpet, paint, floors, heating system, ect..Now, my questions are as followed.1) Seeming how all the work is pretty much done, is their any leverage in brining the price down or is it even worth to look at it in order to FLIP it?

You might also want to contact a title company like Fidelity National Title (https://www.fntic.com/) that has local offices in the area and speak to a title officer about getting insurance and may offer some basic tips.Anytime a property even starts to go into the very early phases of going bad (from N.O.D. to ultimate auction/REO status) just go with the mindset and assumption there ARE title issues and it should be one of the first things you look at before buying ("Is there an unquestionable clean and marketable title?")