So, we are paying $3100 today to have an outside clean out put in and the drain snaked.The plumbing is a problem because we were completely blind sided by it.  

People see what looks like profit potential and get dollar signs in their eyes blinding them to the reality of the business.

The larger the deal, the easier it is to overlook something and the easier it is to dig a hole for yourself, and the rehab is a big blind spot for investors.- Your Monthly repair budget seems low.

Right now I am just shooting blindly I bet.

I’m hoping to get some advice on this matter so that I can avoid blindness to potential risks and to be able to ask the proper questions (of him and the current note holder).

If that's the case and you're still making money I think it doesn't make sense to blindly say not to take the loan.

Love it.Since you don't know what you are doing, I will try to help.Before you pick any form of marketing, the first thing you need to do is calculate the cost/ deal for all the methods you are considering, THEN you can pick one.Never go at it blindly my dude!

@Matthew Tierney That's a great piece of advice from @Derek Dombeck - don't get blinded by the fact that you can do a seller finance and get down to the details of what the deal returns. 

That’s like marrying a divorced mean beautiful girl with kids. being blinded by emotions what get people into trouble...Hope that helpsP.S there’ll be other foreclosures worth less headaches. 

Trying to clarify what I’ll need to acquire to reach that goal ultimately, then to get to know people who have ‘made it’ there and can help me see holes and blind spots so I can smart about it.