The galvanized pipes stopped working. 4.5K for replumbing the house (1 bathroom, kitchen, water heater and washer) plus 1K for drywall and paint...and I had just painted....Hiring contractors....without a contract that stipulates the terms of the deal.Luckily most of the mistakes I read today were 5-10K mistakes, that's easy to swallow but not ideal.

This would, however, swallow the bulk of my savings between a 20% down payment and closing costs, etc.

Originally posted by Jonathan La Rosa: @Brandon Foken 1 solid response after 400 letters is a tough pill to swallow.

And, she would become exhausted while eating a very small meal, because when you swallow you can't breathe. 

The entry level (< 20 units, < $3M) for C class value-add properties are running at 5 - 5.5% cap rate and are often swallowed up quickly by California 1031 money.

I was a guest on episode 584 of the BiggerPockets podcast so fire away.What is the airspeed of an unladen swallow? 

How much more will vary, and can be debated.Which means the seller, if he had a decent agent would NOT list at $200,000.If we are talking about a house that needs no repairs, and has a fair market value of $210,000, then no one would do that deal because closing costs would swallow the profit.As always on these threads, we are getting defensive reactions from people who are real estate professionals whose practice includes assigning contracts, when the criticism being offered is of the hundreds or thousands of clueless idiots messing with people's lives without being able to perform.No one, including the original poster, is criticizing the sort of thing you and Hattie are talking about.  

Do I swallow that knowing I'm getting a great sale price on it? 

It's a tough pill to swallow.

But, there is no law restricting the sale of forms, it's the drafting of the forms that becomes an issue.Anyone can write a contract IF they are a party to that contract, one of my biggest gripes is that people seem to think they know enough about contract law and real estate that they are qualified, they don't have a clue, a hard pill to swallow, but they really don't in addressing all that needs to be addressed.