I'll chime in here with my limited (1) Fannie purchase that I had.

I thought I would just jump in here first to congratulate you on the post. 

I'm hoping a CPA or someone with experience can chime in here.1. 

Maybe a short sale expert can jump in here. 

I would think closer to $100k although your best bet would be to search for the thread in here called "diary of a flipper" by j Scott.Big ticket items(exceeding $10k)electrical is probably knob and tube and cannot be grounded-update is costly.Lead paint and asbestos siding/roofing -expensive to be epa compliantHvac are you putting in central for first time, or just replacing worn out parts?

You don’t know-your VA might work with a cat in her lap.6.To compute your pay offer, double the time YOU would take (or at least time and one-half.) 7.I use an average of $4/hour, as prevailing wage rate.

Hi Sean,A good rule of thumb is never buy a property when your new to investing that you would not live in.  Here

I'd like to chime in here...I think the original poster was talking more about a certain area. 30K "pigs" in Ohio or Midwest.

The sellers asking price of 210K, really isn't a reduction in her net, since she won't have to pay an agent.What is needed in terms of repairs? 

always have a back-up.passions are emotions and are inherently flawed.