If it weren't for everybody on this site, BP wouldn't exist and it is because of BP that I am making this decision to move forward.

Since you are living on site, you can keep a close eye on things and easily self manage. 

But, what does this look like 20 years from now when the houses look dated?

I am a relative newbie as well compared to many on this site, but I would glad to offer you any advice that I can to help you get started. 

I said no.I have to make a decision by tomorrow whether or not I am going to walk or buy.I am wondering if they are hiding other not paid to date tenants and I am going to be stuck with other evictions.

LOL It's still accessible through my site link if you're really interested (rental #5 link)When I say load up the HUD, I don't mean to do anything shady, rather, to include all pre-close costs possible. 

I've been looking at picking up houses through the auction sites (Hubzu, Auction.com, etc) and I know that as the buyer I will be responsible for closing costs.

And ALWAYS follow up.Here are the numbers on the deal:- $108,000 Purchase price- $8400 closing costs- $70,000 Rehab Costs- $2,000 holding costs for two months (estimate is 5 weeks to completion but lets say two months, it wouldn't be so quick but equity partner is full-time GC on-site)- $274,900 ARV (Appraisal completed by bank)- $5,498 Selling Costs- $16,494 RE Commissions.Net Profit = $64,508 about 23.5% profit off of ARV.Now the fun part begins, I'll report back with pictures as we go through this.

(Smallest Reno budget to date was 45k and largest was 150k) Im also from Jersey.

My best friend told me about his site (but he's not a member lol).