Also you will need a flange extension for the toilet waste pipe.Swap out the vanity/faucet, medicine cabinet, and/or light fixtures.

If your looking for a low doc, no doc, try velocity.

See Jay Z and Beyonce are just like regular Americans....except their mortgage is about $250,000 a month...They are reportedly billionaires but..I guess they wanted to lock in that low 4% interest.It would be pretty fascinating to see the financial records and income streams of some of these ultra wealthy folks.I wonder what type of real estate they might own besides personal residences if any. 

I'm looking for US markets that have a low cost to entry (SFR or multi for under $100K per unit/"door") yet have a strong potential for short term rentals.

However, I show VERY low taxable income due to business expenses and deductions.  

Wall wash with TSP prior to painting if possible,, if the ceilings are flat (not popcorn) wash also, a sponge mop with a towel over it works great and fast..2 buckets one wash one rinse.you wash everything,, doors, trim, floors, cabinets, light fixtures, all windows glass and tracks.Bleach is ok to use but I've found that TSP is best thing to actually REMOVE the nicotine,, you'll be shocked when you see how well it works. 2 Prime, Kilz primer to seal anything your going to paint.3 Remove all blinds, throw them away the plastic retains the odor and they'll be gross anyway.4 Air Ducts if you can reach inside wash out.. then spray Kilz in them as far as you can reach with the system off.  

is to get Brandon Turner's book on investing with low to no money down.

Lots of people who will not go low because they're holding out for a high bid in spring and just seeing if anyone needs to buy now.

It's all learning so this is great.As for closing costs, I put $1500 as that's what it recommends on the low side.Do you generally put 10% as a rule of thumb for Vacancy, R&M, CE, and PMFs?  

It is in a great location, and listed for an unusually low price for this area,  and it didn't even look that bad in the online photos (for a foreclosure), so I figured it must have something unusually negative about it that wasn't readily apparent, like "black mold" or whatever.