Win the lottery or go on Deal Or No Deal.

Looks like an excellent deal:With the simple analysis:Rent: $2400Expenses: $1200 (50% rule, see Rental Property forum)NOI: $1200Payment: $699 ($105K, 7%, 30 years)Cash Flow: $501Cash Flow per unit: $167Very goodAnalysis with your down payment $18,000, and assuming you pay the rehab costs out of pocket:Payment: $379 ($57K, 7%, 30 years)Cash invested: $50,670 (including closing costs)Cash flow: $821Cash on cash return: 19.4%

Wordpress is excellent as well, but overall, it depends on what your needs are exactly.

It's a win/win situation for everyone.

Within 30 seconds I was sitting with the BIC behind closed doors and he was looking at my offer, That is an excellent idea and could be my last resort short of just waiting for this deal to go REO.

Let us know the results of your LOI offer and if the seller counters or not.NEVER let the seller simply state to you, "make a new offer/LOI and resubmit" Tell them, "please send me a written counter offer"Sellers telling you to resubmit a btter offer are playing the game with you, turn it around and don't them them win that game.

Scott has an excellent pair of books about flipping houses and estimating repairs that are offered in the BP bookstore.

There can be a win in here somewhere for you, but you'll need to really plan carefully as to what's going to happen after you quit your job.

I am sure what the winning bid is not the end of the story so any suggestions on what else to keep any eye out before bidding and trying to manage the post win process?

Finding a mentor and learning the business is an excellent first step.