I ran into three separate leaks before I got to the concrete foundation just from old chunks and rock and concrete being in the dirt.

Real Estate investing is not for everyone, and real estate investments are by nature illiquid. 

Thank you for the info.When I post this, it was more related to the ins and outs and how this could affect myself (as a owner of my own property).Also, I would like to have an overview of a deal and what does it entails (your article nailed it very precisely).Also, thank you (@Wayne Brooks) for letting me about the real behavior/nature of an auction.Thank you everybody.

It seems natural to transition into a project of this type.

I heard the laws in Largo & Indian Rocks Beach FL allow short term home/vacation rentals, daily & weekly.

(you are still gambling on appreciation, but the odds are good the rents are rock solid)If it is in National city, chula vista, vista, oceanside, etc..

The PG doesn't strip the limited liability nature of the LLC except as it applies to the lender's remedies if you default on the loan.

Most people won't admit it, our state rocks, we have something for everyone.

On Zillow I see houses that sit in the market for 1+, 2, or even 3 years and up, and the price reduction can be as much as 30%, with some Zestimate @ 50% of asking price.One agent told me this is the result of the 100%-discretionary nature of 2nd home area.  

Do you need to hang and mud the sheet rock too, or just fix some problems and prep for paint?