No guts no glory....LOLNeed to search "double closing" "Wholesale fee" and your state licensing requirements. :)

Something that needs minimal work, not a total gut job, would be okay to do again.  

Go with your instincts and get second opinions.Good luck.

I think a hair over $300k would be closer to reality in the end.What are some gut reactions to the numbers?

My gut tells me the latter.Any words of wisdom?  

" I was thinking that we would not find to many other properties this nice where our out-of-pocket would be so little" - If this truly is your gut feeling you should go for it, you know your market and area better then we do and if there are not many properties like this out there in your area that fit your criteria don't let the opportunity go! 

and gut feel for lack of appreciation.

My gut instinct is that if they can't bring cash to the deal how are they going to get pre-approval on a $350K+ mortgage. 

-Taking my first action after all of the schooling-going in that abandoned house by myself (with unstable floorboards and missing steps on the staircase)-making the phone calls -signing those agreements of which I wasn't familiar with or sure it was in my best interest-trusting my gut-although the fear had not subsided after my first closing I chose to re-up on more actionsKudos,Mary

When I say major repair; All new electric, gutting half the house for insulation and re-wiring, new roof, kitchen, etc...