Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.This is also a great place to meet people that can be assets to your business.

theyre mainly for fix n flip. 

Good Morning,I need some insight and recommendations as to a situation that has come up, ina  property I am looking to purchase, that has Exposed wiring , all throughout the house.The house was built around 1955 , and it is all wood on the inside ( almost like a Log cabin on the interior walls ), in that there is no sheetrock anywhere in the house.Well, all of the wiring that goes to the.... light switches, Outlets and ceiling fans, are all " Exposed " and are tacked to the wall with staples.Here is my main question please.....

The new buyers just asked me if they can move a dining room table in and they will be fully responsible for it.  

From the very beginning, It was improbable that they would, mainly because the numbers just did not work, (Auction price, current value, cost of selling and the lien amount.)

We cancelled the very nice plans we had to work on a main sewer line drain clog all day.  

@Ned Carey  point on Title is we have title plants that are all digital and in the title companies main office.

The main option maybe.  

My last question then - does the bank that's giving you the main loan (in this case the 71k) have any issue that part of the down payment is being financed based off of equity, vs sitting in a bank account?  

But, the main difference is that someone else is doing the work for them, rather than them taking the extra money from the paycheck and putting it into an interest-bearing savings account.