if the deal still pencils with multiple strategies & you're planning to hold it long term, 20k over (in a higher cost market especially) will probably be chump change down the line. in general, it's good to not miss out on a deal just because you want a homerun deal. taking base hits get us further than waiting around for home runs. just keep in mind that if you have to come to the table with an extra 20k down (which you probably will bc the bank will only lend on the appraised value or PP whichever is lower), and you have to sell for some reason soon, you're probably losing that 20k. a risk you may be down to take if you really know your numbers, have multiple backup plans, and are in it for the long haul!

@David Stokley and @John Underwoodeither of you have insight on Mountain Rest Lake?

Quote from @Alex Hunt: Hey David, back in January we closed a rural STR purchase in the NC mountains.

Usually it's somewhere between 10-20% you need to bring to the table, plus points/fees. 

I am going through the pre licensing courses/ process now.My rough plan, as of current, is to begin flipping homes in desirable residential areas nearby and then move to flipping in the mountain/vacation setting.

Print out an amortization table.

A live in flip if it was an option on the table is something I would definitely do.

I have many examples of buyers leaving money on the table or making huge mistakes that ended up in litigation because they did not have a good buyers agent on their team.

I'm at GBF, high table on your right as you walk in .

I'll just take some chips off the table periodically and enjoy without them.