There is a large amount of money in blue coller neighborhoods, you just have to know how to extract it :) In my area though, the low income rentals sell a lot quicker than the newer rentals in great neighborhoods.

Price and terms are on a scale, the faster you can give all cash without contingencies, the lower the price.

I invest in real estate that has been on the market a long time or more is owed than the current value so I am dealing with sellers who are more motivated to sell so I only pay $10.00 option fee. in order to avoid a large option fee to a seller it important to take the right approach, have the right presentation and it has to benefit the seller enough for it to have value to them.

Built when families were large.

I'm just wondering if he had to go through some form of Loss Mitigation , but on a larger scale.

It has a large shed, AC, includes frig, stove and stackable washer/dryer, has tip-out which makes a large living room, two car parking port and carpet less than two years old.

He now knows you're buying 5 properties, he knows there is more work in the pipeline if he meets his commitments and does good work, he'll have a large incentive to keep you happy to earn the remainder of the work.Remember, humans by nature are lazy.

Even if there are banks doing this,my guess is this this property is too risky to buy ( I am buying for a rental investment property), because this same issue will apply to all other properties in that community and will bring the price of every property in that community by a large amount (unless the homeowners get together and want to do something about it). let me know if I think right

Bet not.You could possibly rent it out and sell it as a turnkey investment to an unwitting investor from out-of-state, for a large profit.

Sure, but a great deal will depend on how well you know that market and your ability to maximize rent, especially in areas where property prices are largely out of whack with rental rates (such as in Orange County).