In a pinch could you sell it within 60-90 days? 

@Marcus Auerbach I almost imagine Betty White showing up with a tray of warm chocolate chip cookies ha.

Hi Andrea,Just wanted to chime in quickly with my 0.02 Australian cents.You have received some great advice from the prior folks that commented and here is mine :)We have done so many deals in Toledo that I stopped counting at 500 lolOne thing that we have not yet figured out is "contractors".We have lost millions to these folks and experience has lead me to believe that it's just the "cost of doing business" in this market.So many just like you have tried to do flip from afar and have done so very unsuccessfully (Many come crying back to us and begging for help).The others tend to have delay after delay with big over-budget costs just to complete the job so it would have been better paying full asking price for an already renovated property.I know of only a few investors doing it well and even they still have someone on the ground that is pinching pennies from them (No where near to the degree of what some contractors do so I guess you could call it a "win/win")Spend more time conducting due diligence on building a team you can trust rather than focusing on the various areas/zip codes.Visit the market multiple times and "shake hands/kiss babies" by meeting with as many people as you can.You need a real estate agent, property manager, contractors, maintenance person, attorney, accountant, title company and mentor just to name a few.Nothing comes quick and easy in life and neither does investing in real estate successfully.Finding the above folks could take you years but don't rush because there is nothing to miss out on in my opinion.The Midwest (Especially Toledo) tends to be a boring and slow moving market.Thanks and I hope my comment helped.I wish you much success

We take care of each others pets in a pinch, exchange holiday cards and share a meal occasionally.

I would opine though, that sacrificing some appreciation down the road is less painful than pulling cash out of your pocket today.Yeah, it's not the right approach, but in this case, the decision to defer the electrical upgrade is more about dealing with my failure to accurately estimate rehab costs than penny pinching.

Mountains, oceans and in NYC partly an island pinch all options.

Hard money POF isnt quite as strong as cash, but probably best you can do for a sure thing in a pinch for POF. 

I expect chocolates on Feb 14th!!!

Over the past year we've pinched pennies and now have about 60K saved up because we want to get into real estate.

I used to pinch every penny and try to do all this myself, I'd get my mom and sisters to come to town, I'd buy pizza and beer and we'd go from house to house cleaning, painting and fixing things.