The opening bid is about a third of the ARV according to comps in the neighborhood.

I, however, have a very narrow focus - buy and hold in a low income neighborhood a few miles from my house.

p=100:1:2935441204752 Second, create your articles of organization with the Ohio Secretary of State.

Congrats on having the equity that you do.Let me try to explain my position: Because of the economic climate in my (and other) areas I can likely get $1695 out of a home in an 'B+' neighborhood for $150K ($300/mo net income if fully rented).

Comps in the neighborhood make its after repair value around 80,000.

Cape Cod in a cute, established neighborhood.

You should put a financing and appraisal contingencies in the contract for the new home.4- Assuming you (and your family) are going to live in the new house there are a whole slew of other items for you to consider ie: school district, neighborhood safety, travel time for work, etc.I wouldn't worry too much about getting a deal on a house I'm going to live in unless it is for a very short term.

It barely takes effort to add your name and email address to their list when they send out available properties.I assume you have decided on a particular niche for your investments - either by price, zip code, neighborhood, school district, etc.

I already follow the Rocky Mountain Institute which is a company that promotes sustainability, with a special focus on profitable innovations for energy and resource efficiency... so it seems like your organization is right up my alley!

Be resolute.Depending on the neighborhood, purchase price, ARV, exit strategy and a few other factors, these can certainly be weighted.I personally think the 2% rule is very useful -- as is Maximum Allowable Offer.