Him:[i]I have owned the property for 10 years and renovated much of it (new roof, new a/c, plmg, elect panel, removed all old paint & repainted etc.) now I am moving on to other things.I have a management company.

People still have jobs.At the same time anything that removed the dumb money (real estate only goes up so let but) and increases the number of motivated sellers has to be good for the investors.John Corey

(PA)From what ive read it is only required to have a permit when your changing a pre-exiting floor plan (ie: removing walls, floors and outdoor contruction) which i plan on doing, and you have to have a rought sketch of your new floor plan. who do i submit this sketch to?

Im also a Licensed Realtor in the State of Florida My first project we bought sixty acres over looking the Pacific/Gulf of Nicoya [web site removed].

I work for [LINK REMOVED] and we have been noticing a huge increase in the number of motivated sellers out there....they are even turning to alternative methods to sell their homes.

You're right, I don't have a survey, butWhen I worked as an Asset Manager for one of the largest players in the REO industry, I and my colleagues asked our agents to remove any reference to REO, Bank Owned or Foreclosure.

For some more information try [LINK REMOVED]

Since we don't allow users to promote such links, I've removed it from his signature.

If the borrower stops paying you it does not remove your need to pay the lender in 1st.

You may be able to ride it out and sell in 5 years if that is your plan but you also need to plan for repairs and vacancy and removing tenants that are not paying.