You can buy a house for around 50-75 grand that mostly needs paint carpet and light remodel.

I figure if I spend a couple of grand a year (say $5k-6k) and in result get a handful of off-market leads per year that will be well worth it because I can hopefully save money on those deals or I could sell the lead/wholesale the deal.

But at that price in the outskirts (Coolidge, Casa Grande, Florence, AZ City) you could reasonably expect to cash flow a couple hundred a month.

Eventually it got to a point where they owed us several grand, we stopped going out there.

I plan on selling the house in a couple years and should make 40-50 grand tax free.

If I'm selling to a Colonial or Grand Bank or FNAC for instance, they're still buying (with the exception of seven states currently for FNAC).

I am not sure if they could close it or not but I feel like if my house goes down in value they just might.John in my market here in Grand Rapids Michigan houses are still expensive they haven’t come down one bit but who knows the future.

However, I am also about to start the the refi process on my house but don't want to miss this grand opportunity.

Maybe I would have to pay 2 grand of my refund back.Should I continue down that path and take smaller tax refunds?

This way you will only need about 5% plus a couple grand for closing.