(emphasis added)This indicates you can buy proper metals if it is in physical possession of a trustee defined in (a) (the top of the document).

But it's a good indicator people didn't just stay home during the recession.

The situation you described above indicates that the properties are pre-foreclosure.

Brian, like I said I'm not an accountant, and as you indicated, neither are you. 

However, be sure to take those with a grain of salt as only YOU really know how the end product is going to look so their "as-completed" report could heavily skew the value in one direction or the other.I haven't seen a county record show the appraised value, it's usually the tax assessed value which may not be indicative of market value. 

When you're evaluating different turn key companies, in general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesThe table below might help you evaluate some of the most popular markets at a macro level.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

You haven't posted any information that indicates they WANT to invest in real estate. 

@Robin White I would get a topo survey with lot elevations, setbacks and the power line indicated on it, then pay a draftsman a minimal flat rate fee to give you some conceptual drawings of the home, elevations, and a site plan with everything on it, indicating where the power line is now.