The older I get the more I'm like Tom C regarding friends.And ********** nailed it.

I don't buy into a lot that Dave says because his financial math isn't so good, but he nails it when it comes to the psychology behind getting debt free.- The Wall Street Journal.

Since most of my homes were built  in the 20's & 30's I always hang their pictures for them because you cant nail into the old lathe and plaster. 

Here is an excerpt from the guidelines:The most important, at least for buyers, is that the property CANNOT sell for less than the appraised value, which is the list priceWe accept offers from both Owner Occupants and InvestorsEarnest Money for investors and cash offers is a minimum 10% or $1,000, whichever is greaterEarnest Money will be held by Sellers attorney90% of the time the Seller is Fannie Mae; the other 10% it as another GSE (Government Subsidized Entity)Property is NOT Homepath eligibleProperty is NOT a HUD homeThere are deed restrictions for investorsSeller WILL NOT pay closing costsSeller WILL NOT do any repairsSeller WILL NOT connect utilitiesThere is a cap on what the Seller will spend on these properties; this can result in the property not being trashed out, cleaned, etc.Property is SOLD AS-IS, WHERE ISAfter 120 days, the property will be reappraised and a price adjustment might occur. 

Rich B. and Doug W. hit the nail on the head.

If you can build cap rate to cost and have a  9 plus cap on a brand new product that is different.

Hey @Casey Faul, @Robert Hudson nailed it. 

If they can't pay, or ignore demands, nail them.

Glazing is far less expensive than replacing tile and tubs.You can go with laminate instead of glue or nail down hardwoods.

$8000/month rent on 200K investment. Fully rented. Talk about the 2% rule. The catch is that a neighbors property (dry cleaner) is potentially contaminated. Seller is insisting on cash purchase as bank will not financ...