*Construction - if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps. that are wood or vinyl siding.

In other words, I didn't get the Option ARMs to be able to afford a house that I otherwise would not have afforded.I only mean that in order to come up with more money for a downpayment on yet another property, what the best solution (strategy?)

I dont think there is one magic bullet solution that will get you all the leads you could ever want.

The only solution I can think of for this is to make your options for periods measured in years rather than months, and that would require lots more money.

@Jamar Arbelo Be on time for bill pay, do not pull high credit amounts 30%-50% of the credit (if you have $10K limit on CC use only 25% or less), do not open and close CC/accounts all the time, do not get inquiries for new financing all the time, and do not have any late payments. 

You can pull your cash out for fix-and-sell deals and pay off the credit line, and build up enough cash to buy another fix-and-rent property and do it all over again.

I have come up with a new solution with a business partner to solve the risks and give more protection to both sides.

Another solution thinking out of the box would be to ask the agent if you found a buyer would he reduce his commission and have your parents pay you.

You can normally borrow up to 50k that way.If you are a contractor and do the work yourself you will still have a hard time adding a second story and bathroom plus other repairs for under 50k.My swimming pool cost more than that.If you can pull it off however creative you get with it,you still have to sell by 01/07 and for 335k.or preferably alot more.

Let me say that I've already told the realtor I am not interested in this property, but I would appreciate her digging me up some more to look at.I pulled the comps this afternoon just to make sure I wasn't batty, and the homes within a quarter mile of this house over the last six months sold for an average of $110 per square foot.