I do have licensed plumber friends and other trades buddies to get the rehab costs down on that front.

I think my best bet might be to have a buddy who's been through it all check it out.

My buddy just went to your talk this past weekend he'd trip out if I told him you responded to my post.

If the house i under water you may have some trouble re-financing it immediately, but there shouldn't be any rush to refi, unless your buddy needs to decrease his DTI to buy something else.The difference between a good deal and a bad deal are the numbers. 

If the seller doesn't like it, move on to another deal.As a good buddy of mine likes to say, "Some times the best deals you make are the ones that you walk away from."

My buddy bought a house for $400K.

Now, if you have a beer drinking RMLO buddy who is willing to help you on the side, go for it, I'd still say have an attorney check it out at a lesser charge.

I doubt Than himself or any of his buddies from the tv show will be there. 

@Chris Duzan A buddy has 130 beds brings in 71K mo after expenses 50K.

Had a buddy of mine explain to me about the car industry there and how is was the lifeblood of the economy there.