@Henry Lazerow Not only is it state law (most states) to have a written representation agreement, most professionals use contracts to ensure payment and detail services rendered, instead just going with the hope and prayer method. 

As plumbing goes, I've had a couple quotes from plumbers between 10-20K.

Some questions that I thought about asking are:1. what comes to mind when you see a FSBO sign on home that doesnt appear to be a mess2. what methods would you use to contact homeowner, and what do you say3.

If I was audited, I can prove I claimed all my income on my taxes.The only payment method that cannot be traced is cash, provided you receive it as cash and spend it as cash.

Needed new plumbing, repaint, appliances, new AC unit (but furnace was good) some new locks and lights.  

Brrr method suggests that investors should invest in properties that are located in good school districts since it would later help for resell value.

The reason I ask is that the method of acquisition has a big impact on the financing structures possible. 

Rehabbed about 60% - Plumbing , complete bathroom renovation, new kitchen floors, etc. 

Can you raise capital through any of either method? 

And what method did you use to buy it originally?