I want to get this thing going but this fear of not knowing my rehab costs is making it very difficult to run numbers and pull the trigger.

And still do your home work before pulling the trigger.

If you only have 20K invested and the bank has 80K, they will be more hesitant to foreclose on a house they have an 80K stake in, whereas if they only had a 20K stake in the house (you have an 80K stake) they will pull the trigger easier because it is less of a loss. 

I would not pull the trigger on this one.

BUT, it could be something else is triggering your doubts. 

If you wanna pull the trigger, LMK asap.Seize the day,~Michael

.@ Anthony Dadlani, stay tuned I would love to have some prospective properties for someone with experience to review.I did miss an opportunity and could kick myself b/c I did not pull the trigger.

If I were you and had a really low financial risk (section 8 income) and a property manager or a family member that could act as a property manager I'd pull the trigger.  

Mostly, up till this point, two things have kept me from pulling the trigger on really diving into this.

I would still recommend, at a minimum, having a realtor provide you comps.Also, do you have reliable buyers ready to pull the trigger once you rehab it?