I was given the run around and then promptly after I spoke a 'city manager' came up to me told me he would help 'take care of my points'.

Seems to me there was a lot of great advice here already.

If a home with a 100k market value and the owner sells it to me for 50k.

because basically to me there is no set true value even when both you and seller agree on the income the property produces.Example....a property generating 100K and a asking price of 1.4M equals a cap rate of 7.

The reason he gave it to me rather than someone else.. because every other day when I go buy a loaf of bread or whatever at the store he works at, I smile and say hello to him, and have a brief conversation usually.

http://www.marshallswift.com/p-113-the-home-repair-remodel-2009-cost-guide.aspxIt's been mentioned to me before, however I have not tried this route yet.

He is interested in the same types of deals that I am -- Buy and hold (rent) real estate, with possible lease options on the back end.I told him that there is a range of options, from him buying the property outright (with a wholesale fee to me), all the way to me buying the property (with a mortgage held by him).

They were never rehabbed or rented as sold to me.

Does title transfer from the deceased to the heirs with the PR deed, or from the heirs to me?

In answer to your other question, it makes sense to me that a leveraged investment will have a higher ROI then an unleveraged investment.