If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

How much do you expect to spend on the rehab on this? 

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You can use it as a downpayment on a property over $450k and use leverage tax free.

Although I've considered a future line of credit against the property as my best long term option, I would need to pay down the remaining balance first.

I think most investors want to win on more than just the interest rate.

Purchase price: $171,000 Sale price: $185,000 Contributors: Peter Vekselman Partner Driven teamed up with Nathan Ward to secure a profitable deal on Day Rd in Leoma, TN.

Well if you go together it could split it and get basically nothing - spend $2-3k file a lawsuit and get a judgment you are first in line… Also in many instances you can slap that judgment on his personal residence as well and foreclose on that.

Attracted to 2 homes on unique wooded property.How did you find this deal and how did you negotiate it?

Maybe something along the lines of your insurance company requires the heat to be set at certain temperatures or they won't cover a damage claim etc.This way you are telling her there is nothing you can do it about it.