We will leave that idea at that for this thread.Much of the distinctions between the two are simply window dressing.

Any suggestions are welcome..FYI it has a income rental behind it "on a separate lot" that I also own, It needs rehabbing as well , it has 2 efficiency apt on the 2nd floor 1st is a 2 car garage w/ storm cellar future plans to add a 2 bed apt to 1st floor1935 buildpurchased for 60k20-25k budget to dress up40-60k budget for additioninterior is in descent shape..rent estimate of $800+/- 2bed, 1200+/- 3 bed & garage

His passion for the subject is apparent and he seems happy to share his knowledge.PPS There are no gimmicks or get rich quick schemes or fancy systems - its really just straight information and insight, so I wouldnt consider this a "guru" product IMO

So, we did ALL the cosmetic work inside and out, HWF on first floor all sanded and refinfished and all new NICE carpet in the rest of the house, everything painted inside and out, all new light fixtures because former owners took every one but left the 2 drawer fancy dishwasher that no longer worked at all and the expensive brand drop in range that still worked I think, but was so unbelievably beat up and totally caked and coated with grease that we just scrapped it and replaced it with a new one!

Its in a nice neighborhood in the suburbs, nothing that fancy but a nice area nonetheless and the two best comps I have are two very similar late 60's ranches (one looks like the exact same house and layout from the pics) that sold for $205k and $207k and both were nearly a year ago, everything that's sold more recently in that area isn't comparable to this 60's ranch, but prices have gone up a bit generally since then, although I'm not planning on getting more than that.

(My wife and I over dressed in business attire).

Welcome to BP.With a family due to arrive, your life will be busy, but once you and your wife decide what types of investing would be good/better/best fits for you, then you plan how you will jump in.One option that could be available to you, if you fancy being a landlord is something you could do,  is to find a du/tri/quadraplex that would serve both as your family home and bring with it tenants to help pay the mortgage (and sometimes more).  

I have always fancied buying houses to renovate and then re-sell (obviously at a profit :).

Hi BPer,I have never done a lease option or fancy seller finance in the past.

We basically painted it, and then poured a self leveling resin that hardens to a thick finish and looks like glass.We chose this route because I didn't like the finish of the countertop specific options, I wanted the glass-like look to them, as most fancy countertops would have.