So it depends on your risk tolerance, availability to work on the rehab, and on how bad you need that $10k.That being said, that $10k could conceivably become $20k if you negotiate a lower purchase price, and/or keep your rehab costs low, and/or maximize your re-sale price.I'd say this is a marginal deal, but could work if you have the capacity to take it on and get a few lucky breaks.Good luck!

The spreadsheet shows the context that you could conceivably build up all that wealth from making one investment and just setting it ride.

On the other hand, would that not be compensating the retirement plan for labor (of the owner and others) which would fly in the face of what a retirement plan was conceived for - passive gains?

But you could conceivably always have two in the pipeline.  

My offer was accepted by the seller, and is now conceivably in a huge stack of papers on a bankers desk. 

Whatever the mind can conceive and believe, it can achieve.– Napoleon Hill

@Wayne Brooks  reading between the lines this could be a classic case of the buyer not understanding the difference between EM deposit and the down payment.Its very conceivable that the broker is conveying to the buyer that the seller wants 40% ( down payment) not EM deposit and the buyer is confusing the two.. this would be extremely common place in a seller carry back transaction... seller wants to know there is significant skin in the game etc. 

It is conceivable that upon examination you could be construed as taking profit out prior to sale.  

So, here we go:Lesson #1: Have a VISION BOARD: what your mind can conceive and believe, it can achieveYou want to become a real estate millionaire?

With some experience, 100% funding is conceivable.