Seems like there are many sub 50k properties around that seem very nice.

Only somewhat negative thing we get is "nice house but not for us".

It would depend I think some on how much of the work you will do yourself, if any and if you have the time.I personally would buy the gutted one (depending on the structure of course) because I would be doing almost all the work myself and I am pretty sure I could have it looking really nice for less than $30k in fix up.There are a lot of variables.I am anxious to see what others will say!!

We currently pay $2800 per month for rent which in Atlanta gives us a nice house in a decent area.Strategies:From my limited US RE education it seems like there could be a few other strategies we can use to get into our own place without using cash or bank finance:1.

One the nice side I have another seller lined up.

They are made for smoke and do a nice job.

And, a nice benefit is that my buddy can write off a portion of travel expenses whenever he goes to visit family because he will be performing a business function.In general, what is a good structure to use for a deal like this?

Today they told me 25%, but it used to be 20%.The mortgage rate for this mortgage is residential, between 2.5 to 3.7%I will be probably looking at 6 Plex in rough shape with higher cap rate since I like to renovate instead of paying for others renovations.thanks for the tip about cambridge, I actually saw a nice 5 plex for 400K, with something I really like: 2 bedroom apartments. thsnk youFilipe

And additional space is always nice

If she leaves nicely, is completely out by Feb 29, and leaves the place in good condition I'd just let her go.