That means, all you need to come up with is 5% of the purchase price plus the repairs.Let's assume some numbers - say purchase price is $1M, repairs is $50,000 (that will be light to moderate rehab for that price).

We repainted the cabinets, added all new stainless steel appliances (most were given to us through various deals we struck with people), granite counters, all new flooring and carpeting, painted all walls and ceilings, put tile in all bathrooms, replaced all the ugly lighting fixtures and door knobs/accessories.

Lost my job and it's put things in a different light, such as why am I taking financial advice from people around me who are struggling to pay their own bills?

I’ve submitted an offer on a property (light fixer) on Thursday afternoon and STILL haven’t gotten a response to my offer?!

We bought our first two houses as light fixers in desirable areas, as defined by the base Housing Office and at an E-5 O-1-2 housing allowance, that we could improve over the years of our tour.  

Negotiating with family is never easy, and you have to tread lightly.

See unlike most wholesalers that find "leads" (and I use the word "leads" very lightly here... from craigslist, MLS, D4D.. our leads are hot leads, from sellers that beg and beg to buy their house.

I've seen some of those older houses have all kinds of electrical problems like you walk in the bathroom one minute and the lights don't work but after jumping on the floor they do.

There's sure to be house electric for exterior/hallway lights and most MFR owners pay water/sewer (though not always).

could shed some light.