They have apportioned $200k for the land.So, say you can get it for 1.5mm (9.6% Cap using 50% rule) which seems possible, or perhaps you could do even better, considering the limited pool of buyers the financing terms create.

I've learned quite a lot from the experienced posters on this site.Hopefully I can get some advice on a situation I'm facing.I bought several tax liens in my home state of MS 2 years ago.I'm very happy with the returns, but I have one left that did not redeem.It was a homestead property when I purchased the lien, but now it has "estate" listed on the property, and the taxes are now about double what I paid for the lien.So I'm assuming the owner passed away in the last 2 years.August 30 was the final date for redemption, and I have filed to get a tax deed.My state is known to be lenient in favor of the property owner, and tough on the invester, so I do not expect to acquire the property.However, I have no experience in this aspect of the deal, therefore really don't know what to expect.As it is a relatively small lien, I'd like to avoid the expense of a lawyer if possible, as I'm not sure that money can/would be recouped.One avenue I have considered is to contact the owner when I have the deed, and offer a quit-claim settlement for my interest in the property.I'm interested in your thoughts on this solution, and any other ways to bring this matter to a close.The original lien was for $600.

If you purchase a 4-unit and reside in one of the units, you can qualify for super low FHA financing (3.25% for 30 yrs, with just 3.5% down payment), the other three tenants will probably enable you to live for free (in fact, some FHA lenders limit the max loan amount such that 75-90% of the rental income covers the property's PITI), and you will get some great experience.Since you're renting currently and are a good borrowing candidate, this is an ideal way to go.

I write a date, and, if there are multiple applications on the same day, time.

Neither does the lack of a degree mean you're limited to minimum wage jobs.

You want the appraiser's estimate of the value with the work.You want to define your lending limit.

Hence some markets are just off limits.

My agent said she knows about short sales, but she originally defined a short sale as meaning if everything was complete (inspections etc) before the listed closing date, we would close earlier.

No matter how nice you make a place there is a limit to what a tenant can afford to pay.

A recent example of that is: http://www.azcentral.com/business/articles/0615gr-fraud0615-ON.htmlThough ccr's should limit the dues increase each year, the board can override that with special assessments, and though any greater or special assessment should probably be voted on by the entire membership, boards don't always see it that way, and the voting process is too easy to steal.