In order to make money on something you need to understand how people loose money!

She'd love to have monthly payments vs a lump sum then loose 25% to cap gain taxes since her cost bases is near zero.This is the pitch:  offer to give her asking (if its really worth that much) but she'll get much much more from earning income on the interest on the balance.  

Here I am; I've had rentals in the past and didn't know what I was doing and ended up selling the properties....mistake.I'm here to learn as much as I can so I'm not making mistakes, you'll see me in webinars, on the forums asking questions and overall trying to gain the knowledge necessary to not loose money in real estate investing. 

The lead paint can stay if it's not loose (cracked, peeling, etc.) and not mouthable.

I am out of work and my husband will loose his in October. 

I am out of work and my husband will loose his in October. 

I had no idea that I could loose my insurance license... how exactly could that happen?

I'm recently charged $135.03 by PM for repairing mailbox post that was loose.

We get some food in you, maybe a little libation, and then we turn you loose to learn whatever you want from whoever you want!

I gather from your comments that you intend to hold this property, so that "appreciation"(used loosely) won't be realized in a sale price and a 70% refinance (assuming your ARV is close to accurate) won't even get your whole down payment back out of the deal, let alone repair costs.Final thought: If you have to include tax savings and loan pay-down, and exclude PM expenses and reserves to make the numbers look better, it's too thin.