That is one market correction, price reduction, or sitting on the property for an extra 2 months. 

Thank you in advance for you helpAfter purchase, how much extra work (money) does it need to bring up to ARV standard?

I am trying to extend a house an extra 160 square feet and a few contractors that it might cost between $10K - $30K for foundation alone.

Once we sell our home we will have some extra money to invest.In selling our home, I am giving up a nice work shop.

I'm always extra cautious from any lender online, due diligence is important...Originally posted by @Jay Hinrichs:that sounds too good to be true frankly.. caution unless this is a personal friend or family member if its a private lender you met on line.. good chance you will lose any up front money you give them

I could then charge the upper unit tenant $25-$30/m for wifi and that might be the extra incentive to charge $1000 for the bottom unit.

So you're trying to hold their feet to the fire for an extra month's rent and time to get the place ready.I wouldn't.

The seller is firm on the price (because seller's market and all the jazz, shark fest out there) and the house is already occupied by a renter so we can't just kick them out to do lead testing and fixing, even if we consented to pay for it out of pocket, without any extra negotiation.If we go through, we are afraid we are exposing ourselves for liability.My husband thinks this is OK - but I am chicken.Am I overreacting?

This would be my maximum as saving more would significantly take longer as I have a few cars and a motorcycle that just collect dust that I don’t need.In a perfect world I’d love to live in the available unit for free and make some extra money on the side. 

Your writings indicate your just looking to pay cash and have a propertyThe theory with brrr is you get it below market, fix it, rent it, way till it is seasoned (6-12 mos) then refinance it and get all your cash back because you have 20%+ equity in the dealAs an example I bought a condo for $70k, put $20k into it, rented it for $1500 and refinanced it as it appraised for $140k so I took a 90k loan to get my money out (don’t take extra but some may- personal preference).Now I got my 90k cash back, so no cash in deal and rent is paying PITI + condo fees and still cash flowing $200.