Where it is most effectively demonstrated is where peace lovers are allowed to be armed.

You need this safety margin to cover for things that can go wrong and to give you adequate profit for taking on the risk of doing this.With your background as a handyman, you have an advantage on many others because you know how things go together, just be careful not to get a false sense of security about the costs by underestimating the value of your own time if you are doing the work.

There are zip codes around me that I want to work in and, for personal safety reasons, other zip codes that I won't go anywhere near.Also you are right that with too much equity the banks will consider a loan mod or refi.

Again, direct from the HUD website:The housing unit selected by the family must meet an acceptable level of health and safety before the PHA can approve the unit.

It takes a real man to admit he made a mistake especially a mistake of the magnitude you made so props to you for apologizing on a public forum such as this.But in order to earn trust around here you have to prove it to us that you can be trusted so you have a long road ahead of you and a lot of work but being active here on BP,helping others out and in turn stay within the realm of honesty and that trust will be handed back to you with open arms.

I had made a beginner's mistake by refinancing the home to a 5 year interest only ARM in April of 2008, which will last until April 2013.

If it is a loan, I think you would be required to have a minimum interest rate charged to be considered an arm length transaction.

I have p[aid 18% to investors and their funds are highly secured, very passive, and no intense investigations required for safety.

The necessity part, in my view, is simply a place of safety to fall back to when thing do not go as planned.

There are local banks here that offer 15% down on a three year arm 360mo.