He eventually did get an offer at virtually the ask price; he was not a highly motivated seller so he was going to get close to ask or keep the RE.The financing appraisal came in significantly under the agreed price. 

Be a victim . . . or chalk it up to a "bad day at work" and push through the pain to become the first 100% disabled veteran to re-enlist, help start a non-profit for disabled vets, and become a motivational speaker.Bad things happen to everyone. 

The value one person at one time places on something can be incredibly different than the value another person gives it at another time!

In my area, 1% would be incredible, especially for a 203k.Feel free to message me anytime if you have other questions or just want to chat!

I am motivated to work hard and earn more time with my growing family by one day moving into REI full-time and get out of the 9-5.

The owner has provided the listing agent with the following details:Asking price $795,000 (too high in my opinion, but it has been for sale in years past so I have to think the owner is motivated - so far, numbers only look good in the mid 600k's as a purchase price)Annual gross income $103,000Property Taxes $11,000 Insurance $3,500 Utilities (water, sewage, outside lighting) $8,200.

I am with you on the discussion that profits and returns can't be discussed due to SEC and the SJW's are also molded by other motives. 

Hello @Brian Boyd, congrats on the success and thanks for sharing your story...It is truly motivating.

And actually a house hack like this is an incredibly powerful strategy. 

Note to Bigger Pockets readers: Pat HAS sent me the pics, he's got them, this is totally real and even nastier than you might imagine.I met some incredibly stupid people teaching, but most consequences for being stupid in renovation are far less forgiving.On the other hand, it's really amazing how many successful construction team leads/foremen, especially on generalist crews, actually do have at least some formal teacher-training and experience.