That doesn't even hit the classical 1% rule of thumb, which I think it overly optimistic.

I also give 6% EM to show good faith - so when **** hits the fan (it always does somehow) the seller knows I am serious and has always allowed me time to get it done

It needs tuck-pointed and painted before I can try and sell it, but we're in the middle of winter and getting hit with freezing temps week after week.

You can screw up and be hit with a HUGE tax bill from the IRS.Yes, you still should keep separate accounts.

@Andre Q.Did you accomplish any repairs to the "bones" of the house (plumbing, electrical, structural, etc.), or was this a generally cosmetic rehab project?

May be best to start with small local banks and credit unions etc.These will be easier to access than the Bank of America and Wells Fargo's of the world.Also hit the bank you you do business with as a starting point.

The new management told him to hit the streets because he didn't have a degree in a banking related major.

That's a sad situation for students who just 'don't fit in school' who would be best served learning carpentry, or electrical wiring, or welding.

Thats a deal.I've got a couple of my favorites.1) Was looking through a house that had no electric.

It is not a bad idea to find out how much they will pay if you pay the heat electric and water.