If it sold quicker I'd be pretty happy and wouldn't mind the couple hundred extra in premiums.

Premiums are based on initial value, repairs needed, and ARV...

You have to pay a premium if there's 10 years and you have to lowball if there is 2 years left.

Bottom line developer came in and paid the premium. 

That seems like a fair premium to eliminate the risk attempting to renovate a home as a novice.  

They all endorse this same company/program by Premium Financial Training, Success Path, Advanced Real Estate Training (these companies are all linked).You think that it's not too good to be true because you are paying a large amount of money and that's the catch.

Of course these would be just rough estimates but ballpark figures would help when I'm calling around and talking to people.This project would consist of bracing/repairing the structure of the roof, replacing waterdamaged/moldy wood, and then removal/reshingle...big job.

My point was that despite getting in to the house for relatively low money down and not cash flowing much historically (plus we put a new roof on it, refinished the wood floors, new front porch, new side porch, etc.), real estate is a very tolerant business if you are in it for the long haul.

We're in the middle of closing on our first property with them, which has been very smooth thus far (knock on wood).

Replacing all of the windows with wood clad or builder grade vinyl or not at all.