Not knowing your budget, it's hard to advise.

wow.... 3-5% its to high, but at least you have a big budget for closing :)You welcome Nick

So, I'm wondering which way to go here, the budget is fairly tight on this one when I add up everything that's needed, so I'm not looking to spend money if I don't have to here.I see three options:1-replace the siding with new siding, in which case I'd replace all of it and make it all the same.

I'm new to investing so i have a few questions about startup.1. how do i go about creating a proposal for getting private money i feel i would be more comfortable going after my first deal if i knew the funds was going to be available.2. is it better to have an llc when trying to get private funds that way im not personally liable3. can i get a ball park figure on average what the lawyer fees would be to set up it up because i'm on a shoe string budget(living paycheck to paycheck)any good advice would be appreciated i feel like such a noobie

Usually the utility company has a budget billing program , advise the tenants that budget billing will spread the higher cost of winter heating over the course of the year

Depends on how confident you are in the comps and the repair figures (they tend to go over budget), but from the numbers you gave, I think doing this one yourself makes sense.

The cinder block turned my original 1 month timeline into 3 months, however it didn't effect my budget, obviously time is money so it did have an effect on my bottom line with the extra holding but I didn't come out of pocket any more then what I budgeted.I had no extra money to come out of pocket so I learned how to rehab a cinder block house.

How much room in the budget do you have?

Namely, a repair budget for this house to placed under city control by the purchaser until the house is rehabbed, nearly 10x the actual cost of rehabbing the stupid thing. real cost30-40k, their estimate, 250k.

Save up some reserves, create a budget, and stick with it.