A date could be set at “any time” but if some sort of sale is in the works they could delay to accommodate the sale.Local realtor said value as-is is around $280k.

(Yes I made up a word, so what :-p)Forgive me if that's so but just in my mind I'm thinking, "code" = permits = I don't know how much they cost = delays = me going crazy.

I did this for a few reasons. 1) I bought out my partner from my LLC at the end of 2011 and there was some delay due to the transition 2) the street is on the outskirts of an up and coming neighborhood, in 2011 the street probably could have just barely supported $200-$220k for a finished home.

Minimal repairs: 15k, ARV 100kAdd a bathroom plus necessary repairs, min-avg quality 30k, ARV 130kAdd bathroom, repairs, plus higher end stuff in bath and kitchen 45k, ARV 160kIf your numbers are reasonable, comps provided, one might expect buyers would enjoy working with someone who went through this effort... and look to do more business with you.

I really like the idea of minimizing personal expenses while buying as much investment RE as possible.

That way you are not out of contract if the court comes back and says there will be a delay.

Approach it this way, "those areas need to remain empty for 2 reasons, one is so that if there is a repair emergency it can be accessed quickly to minimize damage, and 2 if there is ever a fire those items especially in those areas will contribute to the spread of the fire and the difficulty of putting it out"I know in my lease where I rent I signed a clause saying that my garage is for me other areas(attic, crawlspace, outside water heater closet) are off limits for storage or use.

Sorry for the delayed response!

There is clear evidence to indicate many banks and some of the GFO’s have been selectively selling in bulk to prop up home prices, minimizing the stigma of having to foreclose, and generally avoiding the open markets.

You minimize your out of pocket expenses this way.