REOs always need wok, and many are overpriced for the condition and time being vacant.The low interest rates and the mortgage forbearance has reduced the volume of foreclosued properties, but as time goes on there should be more REOs hiting the market. 

In the long run, it likely will reduce my odds of having to do additional evictions.  

While we have not yet secured our first property, we have spent the last year+ educating ourselves, networking, driving for dollars, and substantially reducing our debt load.  

They’re invoicing me for 6 men labor for a 1000 sq.

The examples assume that § 1.121-3 (relating to the reduced maximum exclusion) does not apply to the sale of the property.

The selling partner gets 10% more in reduced selling costs and the buying partner saves selling costs on their portion. 

If you don't do work yourself, is labor to install categorized differently? 

In other words, it could reduce the max loan amount if the deal is too thin (not enough profit) for the lender's risk appetite.

When we purchase investment properties the minimum is 15% down....so we are always trying to reduce that amount with creative methods. 

Just so you know on my newest purchase I am looking for renovation money as well as financing and the bank is looking for formal quotes as to the materials needed and the amount/cost of the labor that will be involved.