I had a chance to look at the house before it even became foreclosed - extensive updating is needed, and there's a problem with septic, disclosed by the owners at the time.Of course, the problem with sitting and waiting for 2nd reduction is that it might get much more attractive to everyone else, including investors.

My 9 to 5 job is sales and I have grown increasingly frustrated with the prospect that I am making millions of dollars for somebody else when I could be putting the same effort into my own business thus,  have recently decided to go all in with real estate investing.I have a decent understanding of the process but I am stuck in the analysis phase of how to generate leads for a few hundred to a thousand dollars. 

At this point I would fire them, probably pay the termination amount if it’s less than like 300 bucks and go find someone else. 575 to snake a drain is absurd.

Thanks for your help Larry, this is the Last big lump of cash we have left and we def don’t want to mess it up over a restaurant. 

What else am I missing?

Because someone else is willing to pay $25 for a $20 coin doesn't mean you should.

Is there any JV contract posted on BPs or anywhere else on the internet?

You can then Sub Lease (Sandwich Lease Option) to someone else.

I do believe in 30 year loans as opposed to 15 year loans on short term rentals because I'd prefer to cashflow first then refi or sell within a year or two.For everyone else: What was your LTV and interest rates for your first investment property and how many banks/lenders did you talk to before finding one that best suits your situation?

I love springtime in northern Virginia, but prefer just about everything else about Maine!