I have been more focused on the Tax Sales as opposed to the Trustee Sales, but I talked to several people at the court house who said the Trustee Sales was the place to make money, but that it was not easy.

We have since removed 5 of the 8 tenants for various reasons and are in the process of upgrading the apartments and the exterior grounds.

and if your tenant causes damages to the exterior anywhere, the HOA will want you to pay to fix it (on your rental that isn't in an HOA, you can choose to leave things in the damaged state).I assume each unit in the condo will have it's own HVAC; when that dies, it's on the owner to fix it and not up to the HOA to pay for it.Special assessments sometimes pay for necessities needed for the use by the overall community (like say a roof or parking area), but sometimes they pay just to improve the facades of a certain "row" of units.

The result has been that politicians from both parties draw strange boundaries designed only to get them re-elected by reducing the number of voters of the opposing party in their districts.The consequence of Gerrymandering has been that a politician only needs to pander to his own primary in order to win.

New construction style,,,bare exterior wall at beginning with nailing fins on windows.

Is SHORT Sale really give better deal --i.e.lower price ( say 30% ARV ) as opposed to Bank REO ---??

The forest as opposed to the individual tree.

The key to underwriting a seller financed deal as opposed to a secondary market or bank loan is looking into the future and anticipating the various problems that might arise, within reason, what should be expected.

Things like pipes and electric wiring can manage to be in the way at times, not to mention difficult structure (example: I have one where the kitchen and one upper level bedroom are in an addition on slab, so getting ductwork to go into those two rooms required going through original brick and masonry exterior walls that are now on the inside).

You acquire a property that as a renovation/rehab play, not necessarily just for the units themselves, but also improvements to be made to building systems and exterior . . .