And like most this is were people new to investing usually start when they get into the business… As I see it, the problems are…Cash requirements, funding, time consuming, stressful, delays, contractor problems, delays, unexpected problems, costs overruns, increased holdings costs, stress, managing the project, frustration, lack of control, more delays, more costs overruns, more delays, more costs overruns, and more holding costs… And more stress!

If its damaged, it can be repaired or replaced for minimal cost.

Where in Illinois is it being delayed?

I ran the numbers on this deal and appears that minimal rental (to break even) would be roughly $780 monthly. hopefully you've already figured that you can collect more than this.Good Luck!

Thanks John.Great information.What I have been learning about the social network sites is that they are a tremendous way to spread the word at a very minimal cost.

I want to make him a cash offer tomorrow and delay the foreclosure sale because the sale is on 2-14-08.

You'll be taking money to closing because your ltv will be screwed up by lack of attention to this little detail.If you have alot of equity in a house and just applying for a minimal amount of money...the appraisal will come in just above the amount of the loan ---extremly low.

I am not sure if this is just a clerical delay.

Sorry for the delay.

You could drive him to bankruptcy if he has to wait six months for a sale and delayed closing.