When you have these issues you can shave and stain and glue and hammer to get it serviceable, I'd just replace it.

You could go get yourself a conventional loan with 20% down and (provided your credit is good, etc) shave at least 1.5 points off that interest rate on a 30 year loan (and do even better with a shorter amortization).  

Chelsy S. Have

If you had no baggage to carry forward it was all Peach's and cream  especially the peach state of GA.Flipping is hot all over the country right now... were you have strong retail sales especially..

It also has a concrete foundation and drive poured for another 3600 sqft building that is cream on top.  

Cheers~Tara Piantanida-Kelly By using the phrase "take your chances" in the second option, it sounds like you are voicing your opinion in the question against option 2.That would be like asking someone which type of ice cream they likeOption #1 - ChocolateOption #2 - Boring vanilla

One last but very important thing I've discovered.All Judge's want to see the original lease where the landlord and tenant(s) have signed in ink and NOT copies. 

After about four rounds we only shaved off $7k from $300k.

I hope to be a contributor in the future also.My wife and I are young (32 yrs) and are looking to slowly-but-surely build an investment portfolio that will allow us to enjoy our retirement and maybe even shave a few years of our working life.

I just thought of this amazing new flavor for ice cream, I call it Vanilla...Reason you don't hear anyone talking about this is because it is pretty much the most straight forward introductory path to rehabbing.As pointed out if you truly don't have any more money than fronting the $1,000 EMD then you might have trouble getting funding.