There are too many unforeseen consequences with so many decisions. 

My current credit isn't great due to some unforeseen medical expenses, and my salaried income is $60,000 per year.Thanks to all ahead of time!

You get to have more liquid equity, which puts you in a better position if a good investment opportunity comes along or a large unforeseen expense.

Hi Mark,So what I gathered was that they were trying to liquidate the property as fast as possible due to some unforeseen circumstances..ex death, divorce, etc...

Remodeling these homes can lead to many unforeseen issues. so a contractor with experience , I would hope, can help me avoid this pitfall. 

Anyone have any advice for pressing past this fear- I'm concerned we may get in the home and it need some huge unforeseen repair pushing our budget up by say $50K (worst case scenario). 

You make sure your offer is low enough to cover unforeseen expenses.

Make sure you account for holding costs, closing costs, and lee-way (in case of unforeseen work that needs to be done).Also, be careful with condos, FHA restructured their requirements for condos and some associations won't meet the requirements (particularly for non-owner occupied properties).

Such a figure allows you to make the reward worth the risk and also allows for minor errors or unforeseen negative occurrences.If you are all-in at $45k and sold for $65k, your gross spread is only $20k and then you have to pay resale costs, acquisition costs, debt service, and holding costs.

With Colorado Springs typically two to three years behind, barring any economic change that is unforeseen given all the positive indicators to include population, job growth and more, the Colorado Springs market may continue to benefit from rising prices and rental values for the foreseeable future.