Thanks for the input dcg123, I really appreciate the helpI have talked with our lender and he says that he can get us 100% financing with 0 money down, pending any ridiculous debt or horrible credit, which we both have neither.

In my opinion, there are so many land mines in flips for the novice investor.It is horrible to lose or risk OPM.

I have friends that cashflow horribly in CA but their properties have doubled so in some cases the 1% or 2% rule doesn't apply.

A rental that costs $380K and brings in $2600 a month in gross rents is a horrible investment.

It was a horrible financial decision (no mortgage interest to write off!)

One time I ran out of blank signs and had to cover them with posterboard paper and tape them and write on those and it looked horrible.

D :roll: Dolores, Maybe I'm missing something but this looks like a horrible deal.

I have horrible credit and a little down (not 20%) my roomie/partner has good credit with no job history, she was in the military prior to this .

Nothing horrible, just some underestimating and incompetence (which is behind us).

But, I agree that is horrible advice from her divorce attorney.