Frankly, I think personal safety and getting robbed is more of a risk than anything else.

Be prepared to weigh all of the parameters.The balloon is a tool that you need to use as safety net.

We are concerned for safety issues, the police have been here 6 times in April, and are patrolling the area everyday.

For instance, according to the written proposal for creditors, there is at least $50M in outstanding accounts receivable owed to the Buildings, Safety Engineering and Environmental Dept (BSEED).

Nothing had changed in terms of closing date, deposit or bid and we bought it at half price.If you are willing to be patient and consistently make offers, you can buy HUD's well below list price.

Get your cash up now and wait patiently.

BE PATIENT.

Assuming you have made your mind up to buy, still wait to do the renovation (other than a safety issue).

Most home inspectors are knowledgeable about the physical property but not as much about multi-family life safety codes (in particular fire protection such as sprinklers, interconnected smoke detectors, wall ratings, egress, etc.)You also might want to obligate the seller to obtain the CO.

I was lucky to have that safety net as I moved into full time real estate, but you seem to be very focused on saving and living cheaply, which will go a long way towards achieving your end goals.