Of course I have investor friendly contractors that can do it for less.The roof on the entire property has failed, there is mold growing on all the drywall, and literally a 5x7 bed of moss in the living room. someone abandoned a car in the back of the rowhouse as well.

And so this is what the deal looks like according to comps.3 bed 2 bath 1400-1500sq feetARV: 150kRepairs 10-12k Id say the most, (Nothing major has new roof, updated kitchen, tile, appliances)Seller owes 55k..However here is where I am lost..

I turn my ringer off at around 8:00, but check voicemail every hour or so til I go to bed.

It is a 3 bed 1.5 bath 1138sqft.

When I lye on my death bed, not going to regret if the mortgage was paid off, but will certainly regret if I continue to work just for money ...

The non-occupied spaces have 1/bed mobile homes which would be included in the sale.

Yes the government wants the "magic fairy dust" as I call it.I see it with banks as well.Sometimes the bank believes in an appraisal that won't fetch half the value.Since it's a "third party" appraiser they believe it to be most accurate.The problem is appraisers aren't in the field talking daily to investors doing deals like I am.Even if I can convince the bank they tell me they agree with my value and comps it's just that right now they can't take the hit.They can only take small hits over time.The government I am sure sees this the same way.As an investor I wouldn't want to be "in bed" with the government on houses.They have shown not to be good stewards of money or to make thoughtful programs that work in the real world.That leaves you intertwined with the government for years and years which I would equate to a nightmare situation.As far as the SS or REO driven market it depends on your local area.Some areas only had a few foreclosure to begin with and have already recovered.Other areas a foreclosure and short sales can be up to half of all sales still today.The reality is the buyer when looking at a remodeled house versus one needing work will go look at the REO or short sales.Then the buyer will compare in their mind IF they want to do the work to gain sweat equity or just pay for a finished product??

Yeah I had that too.Tenant called off of Craigs list ad.Once they drove by it didn't meet their expectations.They wanted granite and all that stuff for 875 a month when for that area you will have to pay 1,250 to 1,300 to get 2 bed 2 bath like that.Also get tenants transferring from out of state.I tell them if you get down here and take a look and they are still available then I will show you the inside.I also ask when a call comes in where did they hear from us??

I can tell him to go to bed, and he'll go to bed.

It is 4 bed/2 bath house, 1057sq ft and lot is 2667sq ft.