That often means not "dubbing" and cementing valleys correctly, and half a**ing the ridge.Remember that where the leak shows up in the attic is often a bit downstream from where the water is entering on the roof.As a friend of mine (roofer) used to say; "I guarantee I can fix your leak!

Quick cash can happen with these (like any other deal) where the numbers add up correctly!

Puts me at $9528 if I am correct about my expenses.Mind you this is a very nice property, this guy didn't cut any corners rehabbing it.( I do some rehab work.)

The Fed dropped the rate to stop a full-out recession at the time and allowed the market to correct.

I would guess that either the laws have been adjusted during the past 5 years or maybe there is a homestead exception or something.Interesting if what you found is actually correct.

As far as I am concerned, a 10% price drop barely even counts as a correction and it certainly does not warrant all the panic that the press is trying to drum up.When prices were going up 30% per year, I wouldn't have bothered to purchase a property that I could only get 10% reduction in the price. 10% off is no bargain, and 10% isn't diddly squat in real estate prices.Somebody wake me up if prices drop 50%, because I'll have some serious buying to do at that point.

Am I looking at this correctly?

Your issue (as you have correctly identified) will be the lack of liquidity---rehab lenders don't advance the cost of repairs or provide the same to you at closing, but reimburse you after the actual repairs have been done.

They're looking at the bottom line sales price correct?

And if the postal carrier didnt put it message side up we are screwed...Unless your post card is the same on both sides..Mine is, Yes I took out the "reasons" for selling but kept everything else..Just food for thought..Michael Quarles