I think I have minimized my risk by purchasing it out right and then testing the market for what the property will rent for to further prove my numbers for purchasing additional houses in the area.Once it is rented I am going to work on either refinancing or getting a line of credit for the purchase of the next house.Hope this helps any new investors who commented on my thread. 

In the mean time you lined up another buyer for $32k and tried to find fault with him and the terms to nullify the contract.  

I want to convert that attic to a master bed with stairs access from backyard.

Bill Peterman from Chester, NYposted about 18 hours agoHello,I'm starting to analyze a few possible deals and this is one I just came across. 2 bed/1 bath upstairs currently renting for $675 however, this is way below market and I can easily get $1200/month.

I'll be using my home equity line of credit to get started.

Drop me a line if you ever want to venture north east.

We had a potential offer withdrawn on our totally rehabbed 3 bed, master bath with two 1/2 baths because their king size bed would not fit in the ground floor bedroom.

Sure, you can spend days drawing lines that connect boxes on some Donald Trump level real estate empire org chart in an effort to gain anonymity and avoid liability, but, at the end of the day, what protects business owners is adequate insurance and acting intelligently."

A lot of the calculations I have seen have not yet taken into account how tax law changes will affect their bottom line. 

This one is easier as there's natural gas lines and I can just convert it over but still pricey ($5-7k)The seller doesn't have the funds to make the repairs so I'm trying to find a way to make this deal happenWithout getting bids, I'm estimating about $15-20k for rehabbing these items (FEEL FREE TO TELL ME I'M WAY OUT TO LUNCH)....this is on top of the $5-8k I budgeted to put into the interior.I'm not a flipper and was looking at this as a buy and hold cash flowing property.Looking where to go with this one:A) Reduce offer by $15-20k to $155k- Cons: I'm going to have to find a loan as I need my capital for other purchases in the hopperB) Reduce to $160k and get $5k in closing help- Cons: I'm still going to be out of pocket but b/n closing help and reduced downpayment would be able to get most of the work done and just put the rest on a credit card and use the cash flow to pay it down over the next 12 months.C) WalkD) Other options???