I'm a voracious reader, and I'm constantly reading this and other forums on the net, as well as a bunch of books (waiting for 2 more to arrive from Amazon!)

You would have to cut the tile anyway to match with the walls, and cutting tile is a fairly easy process anyway.

Take a look at the property analysis tool on this site to get some idea of the numbers you need to look at.Now, if you are planning to live in it, then it's a whole different game and you need to consider a bunch of subjective things and how they mesh with your personal tastes and desires.

It wasn't fair for me to expect them to understand.

I had a roof installed and mostly hung out with my kids having campfires and just a bunch of fun there.

I have only fairly recently started looking into this.

I know the term safe is a relatively subjective term when it comes to real estate but I am talking more along the line of what neighborhood/area can one stand to make a fairly significant gain with a 15-25K cosmetic rehab/update?

I am fairly wealthy.

I recently joined a bunch of forums because there is an important issue I need to investigate.

That fits in fairly well with my goals for investing in real estate.I assume that these percentages are based on the cost to buy from the first page - which in this case is > $60k.