Capital accounts were established for partners, and we put our personal money into the LLC, and the down payment check was cut from the LLC at closing.

With HUD making drastic cuts the last few years in how Housing Authorities are paid most now pay less. 

The idiots didn't know what they were doing or were so desperate they could have blown up the house... they cut 10 feet of our brand new 220 line for the range and about 3 feet of the gas line (copper, corrugated looking).

The more I think about it I would be more worried about liability with a tenant cutting the grass than sanding a drawer.

He just didn't make the cut . . .

I know it's super tempting but cutting corners is not a good way to start in the business IMO.

In other words a nice house in a good area just doesn't cut it in this particular case. 

Since the agreement is contingent upon court approval, I dont know if I have a leg to stand on now that the other side is fighting it.And yes, I did cut down my buyer's list to about half of what it was to get rid of the tire kickers and troublemakers.

Delinquent taxes are at least $54KMy (conservative) ARV estimate is about $77KI haven't set the appointment yet, but the seller says it needs a new roof and some float and tape work in the dining room area.I feel like these numbers are cutting it too close, to call this a deal.Any advice would be appreciated.Thanks,Keleigh

If I would have known what I know now I would have just cut my losses and took the proceeds to buy a rental.