(Not always a bad thing... but not my style.)

I actually prefer the original source of this report from realtytrac at:http://www.realtytrac.com/content/foreclosure-market-report/year-end-and-q4-2013-home-flipping-report-7971It's too bad they don't have flipping data prior to 2011. 2-3 years of data is almost too short to have real meaning.

Blogs can be written by anyone, unless you know the blog is written by a trusted source you could get some really bad advice.

Though they were making improvements on some of the buildings most were in very bad condition and were getting mostly superficial makeovers.

Do you have enough reserves met in the good times to offset the bad???

Well the cost isn't all that bad I think $300-$400 one time fee and then $24/mo reoccurring.

You actually have to know how much the place will rent for and its ARV before we can do any meaningful feedback on if your deal is good or bad.

Undeveloped land for the size it is carries taxes of 2% which isn't bad.

Not bad for a 30 year old guyAlso, follow this plan and you will be a millionaire before 10 years.

I started to think that we should use this very unfortunate situation as a learning tool for us by looking at it as an "investment deal gone bad" and doing what we have to do to get out of it.