I like the pre fab awning idea, and the walkway definitely needs some work to make it all look more symmetrical, I didnt even consider the lawn other than adding some flowers/bushes.

In my area you could either buy something pre existing or have something built. ($1.295 Million) http://www.realtor.com/realestateandhomes-detail/1913-Spruce-Cir_Munster_IN_46321_M32067-42283?

Know what you're looking for, and by the sounds of it you're looking for pre-foreclosure deals.

Absentee owners, tax defaults, code violations, pre foreclosure and mail to everyone on it.

I have a wedding coming up in August and my fiance says no more rentals until after that as she needs help with wedding planning, but we'll see if I find a good deal :)

Also, pre-tax portion could be converted into after-tax (Roth).

I'm a member of the local Mid-Hudson Valley REIA and just got an email from the leader that the Wed/Sat events with Robyn Thompson has not been sold out.

Buyer agrees to use best efforts to pay off existing loans that are in sellers name within five years of close of escrow.)Protection for the sellerBuyer will execute a quitclaim deed back to the seller, which is held in escrow unrecordedHow to protect the buyer in the chain of title and potential future creditors of the seller.For the buyers protection a lien of some percentage (I like to see at least 20%) of the purchase price in favor of the buyer executed by the seller will be recorded a "Sellers Performance Deed of Trust" The buyer will appear to be a juniors lender for public record purposes.The seller is protectedFor the sellers protection a reconveyance of said deed shall be executed by the buyer, which would be recorded in the event of a default upon request of the seller, which remains uncured for sixty (60) days upon written notice of default, has been mailed to the buyerThis would allow the management company to unilaterally remove buyers cloud on the title by using the pre-signed reconveyance if the default was not cured as outlined.You might be interested 1.

So I came across a possible deal with someone that is in pre-foreclosure.

The more I think about it, the more I think I'd like to incorporate my interest in this area into a possible investment strategy.While I am flexible in my early goings as to what type of property I buy, putting chance of success in investing before fulfilling my interest in beautiful architecture, I've begun to thing of ways to incorporate both.