Main house needs roof repair or replacement.

I've always heard "a point" as being exactly one percent of the loan amount.Buyers can ask for credit for closing costs, repairs, whatever.

The automobile manufacturing business has been hit hard and that has really effected the economy up that way.And on another note I know my fantasy QB is from Cleveland and he is stinking it up - hopefully he can turn it around vs cincy this week.

Is remodeling allowed--replacing carpet with tile, new cupboards, ceiling repair, updating a bath, for instance?

:lol: We did the walk-through this AM, and there is work to be done: minor repairs, painting, cleaning, etc.

My bedroom ceiling has been repaired, and there is now a hawk and trowel finish on it.

I like the idea of an lease option, but I'm concerned about putting a lot of money into repairs and trusting the owner to not get forclosed if he owes on the property.

Most can be done by a handyman.Those include simple items to a few warranted items, and more costly, such as some cabinet repair, some exterior rear door jamb/framing repair, and including my not warranted thermal windows with condensation.

If selling, you need to pay no more than about $98K, less repairs.

Very hard to have positive cash flow in CA on a sfr, unless you buy it with large down payments.As far as the repairs/maintenance factors mentioned by Ovetta, I disagree with the negative perception.