The money on paper may look good on some of the cheap homes, but the reality is often very different.

Closing is cheap, as there is no origination fee, no agent fee (when I find my own houses), very quick and very easy. 

Found a property listed on the MLS for a cheap amount.

You can probably live there cheap, maybe even for free if you find the right deal. 4.

all if it looks pretty cheap and standard if you ask me .

I have over 600k in equity in my house but my credit will not allow me to pull any equity out.are holding costs will be low but rehab won’t be cheap so when he wants me to put in my half for that I’m not sure I’ll nd able to come up with the capital and he will kick me off the deal.

Cheap, easy and fast....

That is why they are probably pushing hard to get you to accept this applicant.Another option for you is to negotiate a fair Termination Fee and then have them turn everything regarding the applicant over to you to review and sign YOUR lease if you decide to continue.If you want to be cheap, then they'll probably keep pushing back and make this messy.

Not much land at that price so you either need to head to the fringe where the cheap land is or find property that can't be used for a 1,200 sqft home (sale price $360,000 land cost of $90,000)As @Dan McDougall mentioned there are not an insignificant number of small condos <600ft^2 in the market.The MLS has two small homes in Globeville.

However filing one is cheap and does not require the cost and time that executing the lawsuit would.