We are not willing to reduce the price, especially since it has only been on market a week.Here is a link to a video of the property.

Also, all our meetings are video taped and so if you can't make one it's nice to be able to catch up on what you missed.

When I teach this in real estate school, I explain to the students that there are no questions on the real estate exam about, "What can you get away with?".

Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet9.

Usually I don't make stuff at night but can get away during the day, though I wouldn't be a regular attendee for Longmont driving from work in Loveland. 

Consider the liabilities that you are accepting as his employer..... driving around while on the clock, drunk, hits somebody...... gets hurt on the job, giant increase in WC premium for a long, long, long time...... damages products or materials during installation, guess who gets to pay for them and can't deduct them legally from his pay check...... you run out of work, he collects unemployment...These may be worst case situations, but they still exist and lets not forget incentives to being productive... hourly employees have little financial incentive to being productive, it basically comes down to a combination of a mixture fear of losing a job, how much they can get away with and of course their work ethic.What all this means is that unless there is huge gain for you somewhere beyond just a couple of thousand dollars over a year there is no way you will offset these issues, there would need to be some very large gains, possibly non-financial to warrant hiring this guy versus paying him as a 1099.

We start with a narrated video tour and stills of the subject property.

To this day I still kick myself for letting all those happy customers walk right out the door without getting a video from them sharing their experience with my company! 

I'm not saying you won't get away with it because people do all the time, but 203k isn't designed for flippers.

@Louise Courville - The economics aren't correct in this video.