You should have 25% down payment + closing costs, + an oh Sh*t fund on top of that. 

Net Sale - Is the contract price, minus the closing costs and commissions.Adjust cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Comps can show one thing but actually closing can be another.

He bought a home for himself in Lodi California but work in the Bay Area long story short he can’t deal with the commute anymore and decide to stay with a buddy close to work.

I have been Quest client for 6 years and this transition is beyond anything I have ever seen and my career was putting new systems in for companies.I am trying to get a deal closed and can’t get a response.

I’m close to saving up for a down payment but it’s taking forever!

One I close on that house, I plan to go buy a good lot and get a decent builder to build the next one. 

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

Then plan and design how you're going to deploy that cash via what strategy your wife and you have confidence in.I use a excel or google doc and my first sheet would layout all of the details of the sale including all costs that go into getting closed.