How much more will vary, and can be debated.Which means the seller, if he had a decent agent would NOT list at $200,000.If we are talking about a house that needs no repairs, and has a fair market value of $210,000, then no one would do that deal because closing costs would swallow the profit.As always on these threads, we are getting defensive reactions from people who are real estate professionals whose practice includes assigning contracts, when the criticism being offered is of the hundreds or thousands of clueless idiots messing with people's lives without being able to perform.No one, including the original poster, is criticizing the sort of thing you and Hattie are talking about.  

While there is some Potential merit to having an llc taxed as an S-Corp (not In one) it only applies to active income like flipping and you’d need to net probably $50k/year net from it to take advantage of it.Good insurance is best first line defense.

. - Running your property well is probably your best defense. 

The "popular" theory, promoted by foreclosure defense attorneys was that the bank could not foreclose on Any non payment of P&I once a foreclosure was filed due to non payment of P&I, if the original foreclosure or, a subsequent one, was not active at the 5 year mark.

Remember, ignorance is NOT a defense in MN on real estate and housing law's, so it's VERY important to actually know them, not just what someone else says they are.  

Here's a good example:  My husband was been a defense contractor that specialized in renovating government buildings.