Obviously, it is slippery and dangerous, but there are other factors to consider.

I'm a real estate agent in Renton Washington and I was wondering what the most effective form of advertising is?

that you've found simple, cost effective, and user friendly in the past.  

Any advice for connecting with Somerville, Cambridge, Boston, Medford condo buyers effectively?

@Mark Gunnell I would imagine that most CPA's here on BP would be able to drill down into the tax nuances for any particular state fairly effectively and efficiently. 

Since the crash of ’07, many people view investing in the housing market as a dangerous game that could very well burst again.

However, since the insurance company is paying all of the costs anyway this settlement does not effect your assets in anyway. 

For an ARV that low, you would need to get it MUCH cheaper.That being said, if you could get it for say $3-5k from someone who really just wanted to dump it, you might be able to wholesale it for 7-8k and make a little on it.For run-down properties in bad areas, bandit signs can be really effective.

Of course all this stuff is going to have an effect on the Texas market.

Effectively, that's really only a 7.7% discount off its as-is value for you.