Welcome to the forum, nevertoolate.You can find a ton of good information to help you on your journey right here.

p=17651&highlight=#17651Here's a good article that might help on your journey to find deals:http://www.biggerpockets.com/articles/good-deals-real-estate-da.htmlHope these help.

Normal people do not understand this, experienced investors do.Rxr, as you progress in your real estate journey you will become more and more confident in your offers.

Perhaps a strat. of buy, hold and sell is the best bet.

I have no idea what building a bathroom inside the structure will cost but I'll bet it's going to run $10-$15k.

Your best bet is a hard money lender, and if you don't even have atleast the upfront fees (usually about 5-6%) then the HML probably won't feel comfortable with it.Third, when you say you figure it will sell for 70K or 90K, what are you basing that off of?

Your best bet for determining a true CMA (comparable market analysis) is to use a trained pro.

Wow, I bet he's been waiting over 2 years for that info...Just kidding

Tread carefully - betting on appreciation alone in today's market is too risky a game for me to play.

I would think that having the kitchen and living room upstairs and the bedrooms downstairs would be the best bet, but moving plumbing can be costly.