Dear BP family,As an investor I'm interested in paying as low as possible for a deposit.But a contractor obviously wants as much as possible justifying that he needs to buy materials and pay his workers.What is the best strategy to negotiate down the deposit and how much (percentage wise) is the standard for a deposit?

What @James Wise said. 

@Keigen Hogan, @Shiloh Lundahl has some very wise words. 

@James Wise big thanks, very helpful

Every investor has limiting situations, and it’s wise to be aware of them and have a plan to address.

Get rid of your debt first, then invest wisely from a strong, financially strong foundation.

Interesting that OP was aware of the lender foreclosure at least as early as the day after the sale took place... would be wise for attorney/client to research relevant concepts such as constructive notice.

Flips of that size are wise when you have a good sized team in place A smaller deal to start out might be advisable as it just sounds like there’s too many unknowns for this one personally.

One of the first things you need to consider with a househack is what the property will look like cashflow wise after you have left.

@James Wise thanks glad to be here!