I'm trying not to be discouraged...And I certainly don't want to jump just because it seems like a good deal...I think the part of my equation that I'm not factoring in is this:If I get the home at the rate I hope (60k) and I borrow 80k that will leave 20k in reserve.10k I will keep untouched for unexpected things.

One for a house, which is currently rented and the other for the home I currently reside in. I

Use some leverage, but only to what you have comming in!I

Since the day I moved in I have complained and complained about my neighbors not doing so.We have a small back patio, and directly off of the patio is a small hill... the bottom of this hill is maybe 15 feet from the edge of the patio platform and in the spring (now) it is somewhat flooded down there.My neighbors have a large black lab.

And how much work do you personally want to put in?I

I was first leaning towards flipping houses, as the area I live in is a historical area, thus having quite a few run down properties on the market.

are you saying the area this home is located in is a "difficult area" ?

John,You probably already bought this course but I saw the post and thought I'd chime in. I

The state he is in is different from mine which is in turn different from someone else's.

If your all in is $305k and you took out $308k... doesn't that mean net you cashed out $3k rather than having put net $3k in?