Somebody fat has been sitting on it while they put on make up or smoked their dope.

Banks do not want or appreciate any changes to the contract and attempting them is a great way to get your deal cancelled or hear a big fat NO.In fact, I made a recent offer to a bank with mostly all cash, small amount of financing and my business entity was the buyer, but my pre-qual letter was in my persoanl name (of course).

I estimated $20K rehab because of the siding and because I want a nice, fat rehab budget (for the area) in case something goes wrong or we've missed something horrible, but the circumstances of the selling suggest that there's nothing really wrong with the house, the company is just pulling out of the area.

I think most new investors like me get greedy and try to kill the fatted calf with their first flip, and miss out on a decent profit.Jim from Toledo.

I would also give a listen to the interview I did with the uber intergalactic syndication lawyer and teacher Gene Trowbridge:biggerpockets private money 101https://www.youtube.com/watch?

I've spoken to a dozen banks and mortgage brokers and keep getting a big fat NO.Does anyone have any secret loan or financing scheme out there that they want to share with me?

So those owners got hit with a big fat special assessment they weren't expecting.  

So we closed on Sept 3rd and we got a nice big fat check for 14k!!!

We are finding that many of the contractors are fat and happy. 

@Gene HackerRE: Stagnating incomes.