Don't be surprised if they recant their request when things settle a little.  

Always expect the unexpected and have a 2nd plan just in case.

They won't just give it to you, but if you prove yourself as a good risk, you will be surprised at how easy the money is to find.Knowing that, you are now positioned better with how to start the coversation.  

Surprising you are having such issues in your market.  

Your ARV on that one is going to be about $103k, based upon the last 6-months of comps in the same development.That's a little surprising, since it sold in 2003 at $133k.

How are you going to deal with the unexpected surprises that can come up during a construction project?

Day 15-19: Unexpected Support IssuesAs can be the problem with ripping down walls "to the studs", we found that some aspects of the house contained shoddy work with the framing and dry rot.

In other words, use say $ 60 000 to acquire 2 properties worth $ 100 000 each - put $ 50 000 aside to cover unexpected expenses?

I haven't put anything into it yet, so there isn't any big surprise why I haven't made that sale.

If there was a trial house better I'd be surprised.