Since we have a gorgeous Turnkey property we are either going to be exiting or renting out up near Cal Arts. (5 bedroom 4 bath with a main level 2nd master full bath or home office) in a gated community with a pool.

it is on 5 acres of land at the top of a hill and if fixed up would be a gorgeous piece of property.

seriously, what a gorgeous renovation

Omg that kitchen is gorgeous.

, but this house is gorgeous, in a great area, and the asking price would be a great discount for a retail buyer.

That's gorgeous

All of the appliances are new(er), the roof is a few years old, the kitchen is 'gorgeous', etc.

It is a pink sheet stock (very risky) with a huge upside.

here's the update:purchased the house at the end of August for 63 and started working on it.replaced:10 windows, gutters, garage door, 6 basement windows, interior and exterior doors, carpet, kitchen, bath had to be gutted, basement sink, kitchen flooring (vinyl), new plumbingspent around $16.5 to fix it up. the house looks gorgeous, but i am having trouble renting it. i have been showing it since the start of November, had a few applications, but no tenants yet.

To be honest, I'm tickled pink when I find banks still doing anything with portfolio loans.The key to your post though was the one comment - you and your partner can barely qualify for a conventional loan.