It may straighten out in the 18 months and financing won't be a problem, but if it doesn't and home values continue to decline, you may wind up with little or no equity (or worse) which means the 20% down will have to come out of your pocket plus you will need a nice clean credit history that your grandmother would be proud of.

(heat, electric and hot water) 65K Purchase price including points and all fees.100K Rehab cost including holding costs.165 total paid for with hard money loan (4pts @ 12%)Building two floor plan is almost a clone to building one but in better shape.85K Purchase price including all points and fees.80K Rehab including holding costs.165K total.

Making the home easy to show, keeping it clean, tidy and presentable, and working in a timely manner with your agent to provide the lender the required documents for a short sale will definitely help your case.

Now if you clean up your house, paint the inside and outside, put a new roof on it, and put new carpet in, I think we can get more like $90K sometime over the next 6 months or so.

However, the electrical wiring at the time did not meet water environment codes and I had to find mining cable that blew up the budget 5 fold in that department.

The internal combustion engine is old technology that needs to be replaced with high performance electric - not wimpy electric as they're trying to sell us now.

I have a old gas wall furnace I like to get rid of and replace with electric heater.

Safe and clean are the watchwords in the rental property business.

I would use a random orbital, variable speed electric hand sander with wet/dry sandpaper on it (grounded plug) and just give that tile a whiz.

Would section 8 have a problem with renting a 3d apt that's not technically "legal" but has a separate electrical meter?