If people can't afford to buy a car, they deserve to sit at home all day.

Actually, it sounds like you are sitting in a very unique cat-bird seat and if you leverage all of your stated available resources, I don't see why you cant create a VERY successful enterprise for yourself in the Real Estate Industry.

$600 a year in savings on $4,000 is a 15% return... and that's the low end of what you proposed.You should be able to sit down with a mortgage broker and based on your credit score figure out exactly the interest rate and thus savings.As for 3 more years...

If that's finding wholesalers who have a grip on the property or if it is a property on the MLS, it doesn't matter as long as the numbers work.As for what you can expect in terms of repairs, that is going to be different on every single deal, so there's no simple answer to that one.I'll let the rest of the group chime in, but I saw this one sitting around with no replies and wanted to make sure to jump in and kick off the conversation for you.

All this talk about multiple offers shows a market that could be underway towards increasing prices.My condo complex has 340 units and we have had values cut in half with properties just sitting for long periods, no action.Just noticed, everything except 2 units have sold, at huge discounts mind you, but sold nonetheless.Condos are the firt to crash and the last to comeback.

I'm talking 6+ months per home just sitting there.

Sitting down with your relative with a budget and asking for input is good business acumen and shows your maturity in the business world.

Sometimes the chains are not all recorded and they sit in file, although that practice is less and less prevalent today.

It has no garage and no basement, is sitting on an oddly shaped, but very large corner lot.

If the house sits for a while and workers or agents are going in and out, I change them again when a new tenant moves in.