Since the the OP is from LA, I'll list our CA product:- rates in the 8s and 9s- 75% LTV, 75% of rehab costs- $100k to 5mm- Prepayment penalty of 4 months (1 year) / 12 months (2 years) / 24 months (4 years)- Loans funded in 5-10 daysHope that shed some light on the private money side.

The woman at the front desk, who is an employee for now, has her license now.

I'll have to tread lightly though, I'm not that experienced in managing a bidding war.

Can anyone shed light on this?  

Dave Van Horn can shed some light in this area I hope he chimes in.

You'll be light years ahead in no time.

My Realtor had the MLS send me properties that fit my criteria, and I would give him the green light on the ones I was interested in.

I called/texted to cancel about an hour after signing the document so when I brought that to light, he mailed me a check for the full deposit.

. $200Random knick knacks (light bulbs, new lighting in some areas if needed) $500Total = $26,900Extra % for hidden cost?

If taxes are being paid you may be the shining light the owner needs because they want to get rid of the property.