After doing an initial walk through and coming up with a renovation budget and sales comps we decided to offer $105K (Yes an offer $65K LOWER!)

We always tell folks that are looking for fix and flip money, "You have to buy it right" meaning you better be getting 50% of the ARV if you want to have room for renovations and fees or renovations and ltv for end financing.Your statement that "the buyer should be able to withstand the chaos and take off" is interesting. 

A handyman/husband is a HUGE, HUGE help.My husband does the books including bookkeeping and accounting, bill paying and obtaining bank financing and he also occaisionally trouble shoots maintenance problems and suggests fixes if our handyman needs a hand and he uses his mad carpentry skills for renovating appartments. 

I could consider a personal loan for that money as well, which would let me rent out the unit faster but would require larger monthly payments.During the second year of interest only, the unit would be rented (accounting for up to 1 month of vacancy), and I would make $496 that year.At the end of the second year, I would refinance, and if the value of the house appreciated at ~2%, I would owe the seller around $10,000 after the refinance.

I am aggressively studying property management, along with about 50 other topics :) because I figure as I pick up more properties they may not all be this easy.No, my time commitments are coming from my intense interest in building a larger portfolio and just being jazzed about the industry and doing more in it.

I want to do an 80-10-10 loan, or piggyback loan. 80% from a small bank, 10% business line of credit from a larger bank, and 10% downpayment from me.

That way you can renovate the property the way you want, update it if you need to with a roof or HVAC etc... and then get better rents for it when you move on to the next property as your empire grows.if you need a referral for a good 203K lender, let me know. 

It’s been a huge event and I’m considering a larger article on the topic.

Estimate renovation costs accurately.Manage teams of contractors & projects.Accurately estimate the re-sale price of the home in question.Keep costs down.Stay on budget.Keep project on schedule.Fund projects.Market completed projects to home buyers.

i would ask for a larger down payment if you sell for less than asking.... i think thats only reasonable