I have also created a web-site if you would like to take a look at how to get started and what to look out for.

In terms of repairs I'm also relatively clueless.

Their website has a "Credit Center" too, look in the lower left of the main page.

There are some exceptions to this, but they strongly relate to the need for appreciation.I would be interested in hearing more about the deal.

Some nit picky questions I have (relates to using options on pre-foreclosures):1) How does the option work in the sense that if I have an option, the owner cannot sell to anyone else while I hold that option, correct?

I work with my father at a Land Development company, I manage various rental properties, I do land planning, and I do a long list of other stuff from permiting to web design to taking the trash out every once in a while.

I have relatives in the Alpharetta area.

Please check with your tax person, but if it is an investment property you are selling, then all the costs related to the sale of the property are tax deductible.

The higher rate doesn't matter because it is all relative.

Our valuation assumptions are based on facts relative to the specific property