@Jerry BreckoYou can offer to make your EMD non-refundable.Offer an extra $2000 of non-refundable EMD.

But with an extra bedroom that could be rented out on Airbnb. 

Our current pricing structure is a base price with an extra fee per guest starting at 2 and in our house rules we list “no parties or events”.

It is just going to depend on what else is on the market at the same time.If I got 170 and had 126 in and 10% in closing extra repairs etc ( this is a high number)170k  sell 17k closing etc153 net sale126 in costs property and reno 27k Profit If I could get close to the 185, then it would be an easy choice.I need to work on this more to decide which way is better. 

The only difficulty is convincing the seller usually until you point out the perks to them as well.

Hello all.I am trying to embank on a joint venture rehab project and contacted a private money lender who want to charge me 1% interest for 6 months on $50,000 loan. 1% interest =$500*6=$3000 plus additional $5000 =$8000 for the 6 months duration with no extra charge at the end.

If you're not so comfortable with yourself, and you feel it may be more beneficial to have the extra support and guidance of an involved partner, then that is the way you should go.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Christine,Be sure to give extra time to the Insurance search. 

As Greg said, you should be able to get an extra $50 a month or more for having the garage which would pay for the repairs after a while.