That would have taken the issue to a whole new level.

It is a 3 bedroom ranch on the main level with a bigger kitchen and LR than most 3 BR ranches in the area.

http://themadhatter-nc.com/We paid about $150 for a Level I sweep in our two story, masonry chimney.  

Should we try and do an easy flip that is a low risk, maybe use a turnkey or something?

Saving around 10,000 would take me twos so if I'm able to get by with a lower down payment I will gladly do so..I understand  concerns that the lower the down payment  the bigger your mortgage and that banks offering low money down loans partly caused the recession....

I read an article from GNAIR a month back that inventory is at a 10yr low and prices are up 10% over last year.

And as for the house --it's in Quincy--south of Boston --walking distance to public transportation --right in Quincy Center--there is a major development under way.Current Rents $39.3K a year (probably a bit low still)Taxes/Insurance $11K a yearWater Sewer $1200 a yearI've never had a vacancy in 10+ years but accounting for 5% vacancy this gets to NOI of $25.1K per YearAsking Price:  $630K.  

My specialty is buying distressed property at a low value and then reselling either wholesale or retail.

I suspect a lot of these buyers that intend to fix and flip will lose money on a lot of these homes because their mistakes get amplified by their already low price. 

Some told me that they don't loan in that city and others told me the value was to low.