We found a Foreclosure that we do like - however it is over our budget.

For budgeting purposes, I would stock 6 months worth of rent into a savings account to protect yourself.  

You want someone who gets things done on time and under budget!

Create a budget, learn to live on less, chop down any personal debt like credit cards and such, and just plainly get in control of your finances.

WE pay 150 to 350 per house to get all the colors right and ideas we would never do on our own and on the right budget.3.

Further, should bids then come in high, the architect is legally required to revise the documents to bring down the cost to meet the budget.  

You can get a copy of their budget prior to purchasing, although there will likely be a fee. 

I budget 20% profit on each flip. 

Provided it's in the budget and would add value to your project, I think there are ways to change the internal layout to be more appealing to most buyers, but keep that traditional feel they're after as well.

And if you go over budget you'll need cash for that.