The out-of-pocket cost is simply the closing costs and lender's fees for the financing involved for your purchase.Please let me know if you have any other questions.Continued success!

It was a cost of $0 to enter this transaction their way, and it could have been a cost of $0 to enter it the right way so it was secured (if they even still wanted to do the deal in the first place).  

This is usually based on the proportion of the down payment, mortgage payments, and other costs each party contributes.Financing Details: Define who will pay for what.

@Daniel Tkach you need to be working with someone that does rehabs themselves to be able to tell you how much it's going to cost after walking it.

How long will it require to implement your business plan and rent / stabilize the property? 

With $50,000, I could cover the down payment and some renovation costs.2.

Full Brick Detached Duplex in Optimist Park (4 Bd/2 Ba) 1610 sq feetPP: $565k                                                                                            DP: $28k                                                                                              Closing Costs: $0 ($15k seller credits)                                            *Used to cover CC & Buy Down RateRenovations & Furnishings (MTR/STR): $47kCash Invested: $75kARV: $675k-$700kJust a quick aside, I think right now is a great time for an investor, because there are a lot more people on the "side line".

I'd say all the stats are similar from Cincy, Columbus, and Cleveland EXCEPT we are a lower cost of entry by $36k(cincy)-63K(columbus)!

I was thinking of using these funds for the closing costs instead.

Do you want the seller to pay closing costs?