Aside from family issues, this is a lousy cash flow investment, and nothing but a prayer to be bailed out by appreciation.He could go out to the closest underwater neighborhood and sign up deals this bad ALL DAY LONG.

Could put a carefully selected short-term renter in there for 6 mths to cover overhead, then do your repairs in the winter and list it next spring, targeting a signed contract at the 12-mth mark.Of course, you can try to sell it for cash to a hedge fund after you repair it.

Thanks for the tip, I hope I have done it right because after I entered the @ I see a popup screen and when I clicked on your names, the @ sign disappeared.

Tomorrow, I'm going to look into bandit signs and research properties from the list I made today.

I don't know, I think I should talk to my lawyer first before signing the Assignment of Interest agreement because there might be some title issues that I'm not aware of.

Sign a lease a 12 month with the option to sublease3.

When I signed a lease with a tenant on July 1 for $955, I was all in to the house for $32,821.23.

Do you need help putting up bandit signs?

To make up for this I'm doing some of my own research on Craigslist and by calling the numbers I see on For Rent signs in my neighborhood.I haven't done this yet, but you could probably call up some property management companies in your area and get some info from them.I hope this is somewhat helpful.By the way, can you point me to the BP podcast where they talk about not relying on realtors?

If the materials are a problem the owner of the home can get a temp line with the materials vendor then the contractor is just putting their labor and profits out there until the closing.What makes this work is that the buyer is fully approved with all loan conditions signed off except the replacement of the siding.