I own rural acreage free and clear and my goal is to build my next home on it as soon as possible so staying in my current home is not my first choice.

Ryan

@Ryan Ruiz what are the exact terms that you and the seller have agreed to?

Bringing in a reliable and highly recommended contractor along with the home inspector would be my choice.7.

I think you made the smart choice...if the tenant has a problem coming up with the entire deposit, most likely they will have a problem coming up with your rent every month.Best of luck!

Your post made me look it up on google and apparently if I had bothered to research how to remove these before drilling holes around it and trying to remove it (with the end result looking like a bazooka shot through my wall), I would have saved myself much anguish, frustration and choice words for the previous owner - this link may help - http://www.ehow.com/how_5607858_remove-molly-bolts-wall.htmlI guess I will try and remove the rest of those stinking blinds this weekend now that I know how!

Welcome Ryan,There is a meet-up next week in Lake Forest you might be interested in.

Basically, we had two choices left, go conventional or portfolio but we didn't have the money for the down for either (which was $17,000 @10% for portfolio and $34,000 for conventional).

That rehab could take 2 months or 2 years your choice.

I would say it is a poor choice for your first purchase.I recommend on of the following ways in:4 Cheap Ways into Housing0% Down:NACA (https://www.naca.com)VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)3.5% DownFHA (http://portal.hud.gov/hudportal/HUD?