This is exactly why I love biggerpockets.com, you have smart experienced guys coming up with creative ideas like Rich, you have smart experienced guys examining those creative ideas with a fine tooth comb and laying out the facts, like Bill, and you have smart experienced guys giving a well reasoned opinion like J.Scott and others here.Kudos to all, really appreciate all of you.Every investment has risk, it's how you manage risk and your own tolerance level for risk that matter to YOU!

Instead of a final walk-through, the buyer had an inspector go through the house.

A final thought, if you are struggling with finding a wholesale price, are there opportunities with a "low" price mixed with wholesale terms?

The work is done and you either agree to pay for all or part, but there's no need to spend any money or time getting another quote.You're actually in a fine bargaining position.

If you can't hang, you need to get out of the way and allow the contractor to finish.You'll have a final inspection of the work and if funds were dispursed in phases the last amount will be disbursed as completed if it had not.

I would never use it to make a final decision.

We may use a fine-sanding sponge if necessary.Let me know what you decided to use :) We won't be getting to ours for a week or two still.

That is a fine idea especially if you can live cheaper somewhere else, parents, girlfriend, a little room or what have you.Just realize your debts may get in the way of buying a home, although you can always move into a rental if need be.

I've been studying real estate (from the book perspective) for years and even have a finance degree with a real estate track.

Make sure to go over those leases and rent records with a fine-tooth comb.