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(We all need to answer a version of this very basic question and answer it very, very well. If you are feeling outside of your comfort zone, be sure to go you local real estate club, one of the best cures of uncertainty is information. Specifically advertise for distressed properties that need work that you can get for 50 to 60 percent of the actual appraised value.  Also visit my web page ...  http://dept.stat.pusan.ac.kr/~sri/?document_srl=1489419