Again, the perfect property had a much higher assessed value and according to the "experts" it was worth way more than this piece of "junk."

I'm sure there are times when I won't need or want a full report from these companies and only need a few pieces of information. 

The local marshal's office is closed and they are the last piece of the puzzle I need to get the tenants out. 

That's the "picture" that's printed on top of the piece of plastic you are putting on the floor. 

Hi @Nathaniel Ortiz - these types of deals can be difficult to analyze, but if you have a end buyer interested then breaking it down piece by piece is best.Walking the property before submitting an offer is the best way to hedge against risk.

im not an expert but i have looked into this before. while the requirements arent super clear, seems there is something about you must "sleep there" for so many days a year, i want to say like 10 or 11 months. that being said, if you make it your legal residence, to include mailing address, etc, and dont rent it out long term, i dont think you would have any issue. its not different than buying a personal residence then traveling for work 200 days a year (which i did). 

As far as the sentimental piece, I completely get that! 

EVERYTHING you can do open market, you can do with REO and the intangible benefit of the bank being emotionless (Doesn't think their piece of crap $250M property is wroth $500M) in the deal.  

I'm having difficulty finding coverage for a small piece of land I recently purchased.It is unimproved and has a creek running through the middle and all I need is liability coverage (in case someone -- guests, friends, trespassers, etc.) gets hurt on the property.I've contact 4 different brokerages and they all say their carriers don't like vacant land with a creek.Anyone have a good solution?

I got an e-mail from Honeybaked Ham today that they are already hiring for seasonal help.You all oversee a whole lot more tenants than I do!