., @Mark Allen and @David Veeder.

So, as properties in an area surpass the $130K mark, there will be significantly less investors buying, because they cannot cash flow over this level generally. 

Mark

@Mark Neiger this is going to sound a bit preachy but I majored in finance in college and I was taught that you can't really talk about return without talking about risk.

You even get issues like investor buys materials to control costs, but in reality many contractors can get materials at discounted rates, and yes then mark them up a little.

(We did not receive any negative marks on the appraisal indicating any reason for a low appraisal.  

And even if you can do a loan like that you will be paying PMI and a higher payment which will further increase the negative cash flow on the property.If you can sell the property subject too the existing mortgage at or above the $145K mark with a sizable down payment, then I'd explore that option.  

I'm not necessarily attempting to "thread jack" here,interesting how this employee vs independent contractor issue really does tie into this and mark my words, this is something we're going to hear more and more about because as I mentioned earlier, once the IRS and/or the states find ANY field or area of business where there's a good amount of tax cheating going on, they start to whack it hard because it is easy money for them.

Originally posted by @Mark Pedroza:Well at least your away from airline flight paths (somewhat).

Mark,If you purchase the house what did you want to do with it?