The idea involved is to get him in the position over the following year to buy his property back, so I'll be working with him on his credit and other positive loan factors, hopefully getting some seasoned assets as well from this sale.

My business has really motivated me to eventually invest in real estate, particularly rehabbing, as I have the resources (employees/knowledge of work) to take on such projects.As finances are a factor, I'm also considering buying and fixing while living in the house.

The market is just another factor in the analyzation of a deal.

What factor does this play in determining minimum price, if any?

The answer will depend on many factors, but there is not enough information in your post to address those issues.

There are thouands of young men and women that put their lives at risk so we can wake up every morning and do whatever we want.Thanks again.

The question about closing costs will be one of them because I need to factor this into my deals.Thanks,Mia

Also, the appraisal cannot present any adverse factors, given the borrower's credit situation.Edward Rodriguez

I asked my insurance rep, and he discouraged me from using the fireplace as it is, given the college student factor.

This morning it was snowing.