I always like to have extra data points on rehab pricing, so please update this thread with what you ultimately find.

By the way - check out these two articles from the BP Blog, as they might give you a little extra insight: 1.)

The value of this loss of property is subjective and can result in widely differing figures depending on the individual properties.

However, our conversation was about being "Recession Proof" now I now I've seen a few individuals on this site talk about this topic, paticularly Rich Weese and others about eventually becoming "Recession Proof/Prepared" for any, and most economic downtursn.

Insurance – they have extra liability protection when they lease option to me.

Most of them were just letting me know there was no property to speak of, it was only an empty lot.But I just got a new, updated list from Listsource and have included extra parameters to exclude these types of listings.So far, no deals, but getting there!

I think REOs are even tougher than individual sellers.

In the future I would like to pass this cost on to the tenants by dividing by four and billing each individually.

I suspect if I was a stock market investor I would be looking at individual companies like that too with the idea is this company undervalued?

A mentor is an individual whose trust and respect you’ve earned with your deeds, and who wants to help you succeed because they thinks you are worthy – that’s it.