Occasionally it will make sense for homeowners in a spot where accessing the line would be severely expensive & destructive, like underneath extensive concrete, buildings, expensive landscaping, etc.

I have a duplex (2/2 on each side, nothing extravagant) in Clayton County, GA that will be going under a pretty extensive rehab in May (if the tenant leaves when she says she will).

We will do extensive renovation & Rent What made you interested in investing in this type of deal?

Send over an extension and delay the closing until the agreed upon repairs have been done.

No to say with some extensive searching you wont find some.... but if you're looking to minimize upfront costs to get in the game, look in areas like Winston Salem, Fayetteville, Smithfield/Selma, where you can still buy a property for $125k. 

Extensive discussion here: https://www.fortunebuilders.co...I have no idea when covid reserve requirements will go away, but I'd bet they'll last as long as the eviction moratoriums do. 

.- the balance of $112,425 financed at 3.0% (amortized over 20 years) for a monthly payment of $624.00.We do not have any legal experience in this and certainly would need the guidance of a qualified attorney.Is 3% too low of a rate for the time extension and risks assumed?

It was $300 and included an extension cord for electricity.You have to study the market.

The house required mainly cosmetic repairs, including extensive sheetrock fixes, a remodeled kitchen, updated bathrooms, a fresh paint job and landscaping.

With the 203k rehab loan, you’d want to make sure you have a competent real estate agent by your side to guide you (one who is familiar with the extensive 203k process who can inform the seller/listing agent of the pros/benefits here to all parties), along with a trustworthy contractor and experienced lender who have both serviced these types of loans before.