We picked one up last month for a song and dance...sold in 06 for $63k, and I picked it up shortsale for $22k. I already have a tenant in it. I estimate that I can sell on land contract for $48k by year's end. If all goes well, the buyer will pay it off in the 7 years that I make all land contracts for. If not, I get it back and sell it again.

Why did I say "sadly" in my earlier post? Because i have this thing called a conscience...it gets me into trouble at times. But, I also have a wife that demands this business be run a certain way, and she's been raised in it since childhood...her dad used to do the same in SoCal, and made a handsome amount of wealth in doing so. Since she has more experience at it then me, i follow waht she says on it.

__________________
1987 560SL
85,000 miles