With exit values at that level, you need to be at bare minimum 12% below that to even consider moving forward.With numbers posted, by the time you pay your financing costs, holding costs, and resale costs, you will be at best, working for free and likely losing money.

this question is being asked here ALL the time for every area in the country. and it doesn't get any answers (99.99% of the time).that's because i (assuming it's true for everyone else) would never share my contacts with a competitor in fear of losing that contractor. kind of like setting up a blind date for your spouse..just being honest, that's all.

I'm an hvac contractor and I lose a lot of jobs because somebody comes in cheaper or does a crappy job.  

It's unlikely I will "lose everything" ever, no matter how the market turns.  

What a judge would deem as excessive is open to an interpretation.

We only got out of the first home what we put into it, but didn't lose any money and it sold quickly.

If you make an offer under asking you are starting the process all over (4-6 months), and the sellers may have a time limit before losing the property to foreclosure. 

I now stand to lose $4500 earnest money unless I can find another lender that looks at more than DTI and only documented income.

If this is a short sale, there is a good chance you will lose out on the property if you don't pay the closing costs. 

After thinking it over, think I'll probably pass on the property, @Christina Carey, you're right - it is just one bad tenant away from losing money.