If there is a good deal with a little work to be done, its no problem coming up with a few grand.

Those few miles makes a huge difference, except when I have to go to my investment properties in Coolidge and Casa Grande.

Also, I realize the system is different in every area which is why I posted this in a Grand Rapids specific forum - Do you have any actual local experience to add?

Maybe it would make more sense to find a mentor and use that 50 grand and get whatever needed to cover the difference and just BRRRR it?

I still see it as a decent deal since insurance won't be more then 1100.. cash flow would be great since if everything works accordingly I will only have a few grand out of pocket after refi is successfully complete

"Yes you need a new heater," Jonathan said"Probably about 7-10 grand," I asked."

Its resulted in $100/m positive cash flow with a few grand into the deal (holding costs and private lender interest).

Demand a "nonrefundable" Earnest money deposit of at least a grand.

For instance, if a serviceman buys a home, replaces the carpeting with hardwood floors himself, and sells his house 3 months later because he is being deployed for a few grand more than he paid, he will not be considered an owner and could face some repercussions because he didn't have his hardwood floor installation managed by a licensed general contractor.

Grand & Mike I get your point.