Basically the owner can't sell it until the court says so.

Find out vacant, occupied, who lives there, repairs, etc... basic stuff...Then work backwards... deal structuring is my strongest thing so let me know if you need help.Jeff Coga[LINK REMOVED]Help Me Finish My Book!

Jeff,I like this affidavit of understanding concept!

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Hi Adam,Great concept and great question.

Find someone who knows the very basics of Photoshop and have them take these same pictures, but play with the brightness, contrast, etc.

Basically, I tell these people, "Hey, let me take the reigns and sell your house.. we'll split the profits!"

Next, you have bathroom and kitchen fixtures and that requires some basic knowledge about how long you want stuff to last.Personally, i dislike major rehab because you're constantly dealing with unanticipated contingencies that would eat up your funds very quickly.The above was what i learned managing the renovation of a 16 unit with partners.

Tell us more about what you're looking to do in the real estate business and please fill in your profile and upload a profile pic so we can better get to know you.http://www.biggerpockets.com/profile/basics

Basically at 1k rent, you are looking at $500 NOI to cover both debt service and any profit.