I posted in another thread how I was fortunate enough to raise enough PM to finance my first rehab.

It seems like you should be able to raise your price and maybe meet him in the middle and still make money on this deal even if you use a different exit strategy.

You probably already know this, but just in case...If you are looking for your potential buyers [or yourself] to raise their credit scores so that they can buy,there is a place online called Rental Kharma.

Do you incorporate your costs by raising rents?

There is a good chance this is a burnt out landlord, but I won't know until we get a little more info from the sellers agent.Either way I think I have 3 viable financing strategies available aside from raising private money or partners.1.)

Either way, nobody is immune to drug dealers in a building...

Good tip on the listings.One more point/question to raise.

I would not suggest doing a Subject-to transaction over a HELOC for say more than 90 days, those are more apt to being called or cut off raising issues.Search here for Subject-To, basically it deeds the property subject to the existing mortgage or other liens, the buyer accepts those liens and pays them.

My first thought is you may need to raise the budget if you are going to keep the historical accuracy and details of the original house.

During the mortgage crisis the threshold was raised for mortgages, but now it is back to what it use to be.