Just factor in fixing the reason the basement flooded (could be easy like clogged gutters or extending the down spouts or maybe the sump pump hasn't worked because the electric is off or it could be expensive like digging around the foundation, parging the walls and then adding a french drain or could be real expensive and have a cracked foundation so you need to know) mold remediation and door replacement (if they're really bad) into the renovation figures.  

I have recently put in an offer on a HUD property and my Realtor just let me know that there are multiple offers on the table and they are asking me if i want to change my offer, leave it the same, etc.

@Caleb Jordan yes we do need to speak with some lenders I feel and see what we need to bring to the table.

Sounds like he is working all the offers on the table.  

Nothing is 100% impenetrable but you can set your affairs in such a way that you have so many hurdles for the person suing that they either give up or they are driven to the negotiating table.  

Then I asked, would you leave that amount of money on the table?

Makes it so all you have to bring to the table is your downpayment. 

I'm investing in Missouri, he lives  in Maryville, nearby where I invest.I feel we both have similar interests, yet bring different skill sets and attributes to the table. 

You may get him to the table if nothing else.

Hello all,I wanted to get some opinions on this, was at a meetup tonight playing cashflow game with others and I mentioned to someone how I've had such difficulties after loan 5, that I was thinking of buying my property with cash vs paying off one of my current loans, because they have 3%ish interest rates.... guy at my table mentioned that it would be smarter for me to invest time in calculating my perfect deduction amount and purchase the next property with that exact amount.