My commute to work gives me about an hour plus to listen to BP podcasts...which is great because when I get home I have three babies and wife that are pulling for my time.My plan is to finish the Millionaire Real Estate Investor and read the BP Beginners Guide which I just downloaded (@Dmitriy Fomichenko thanks) to start developing a model.  

I was curious, because it looked too good to be true with big white columns (looked like an old courthouse or something), high end finishes, and the same verbiage about taking a loss and might be willing to do trades of some sort.  

I have just finished negotiating the purchase price of a lake house in central NY for 192,500.

Since there is nothing now, you will have to run all utilities to the site and construct everything (foundation, roof, walls, and all interior finishes) I would definitely call some GC's and get a better ballpark figure and be positive the city will allow you to construct.

They just never look as good as factory finished cabinets so that's the route I would go.  

Just finished and I am about to read low/no money down one.

I would like to ask the tenants to vacate the unit for the month of may and offer them first dibs at the unit once the work is finished and let them know that there will be a large rent increase.

You will need one once you want to file for construction.White Box: The interior condition of either a new or existing building or suite in which the improvements generally consist of heating/cooling with delivery systems, lighting, electrical switches and outlets, lavatories, a finished ceiling, walls that are prepped for painting, and a concrete slab floor.

Once probate is finished and it confirms the heirs, I get full title somehow (not sure how this works) and pay the balance of the purchase price.  

http://www.houston.org/pdf/research/quickview/Econ...Houston finished the year with 3,036,000 jobs, the highest level of employment in Houston’s history.With oil around $50/barrel for the entire year.