He is asking for less than 50% of the Pre-Florence Comparables.

Not all agents are comfortable being paid on an hourly as they are more traditionally paid on commission basis.

@Kevin Polite Thank you Kevin, I needed that :-)     ( I'm going to list 2 houses in 30032 in the next 2 weeks... ) Yes, I'm seeing a lot of price drops in 30032 but honestly I think some investors went overboard with the base price they paid for their homes and the amounts they are asking for the rehabbed houses.

Their priorities, focus, and models of investing  might match up better with you.I loved this article today (yeah it's click bait and fluffy as all get out but it demonstrates for me the true power of real estate investing over the years) -   https://www.msn.com/en-us/news/politics/kushner-paid-no-federal-income-tax-for-years-documents-suggest/ar-BBOkaOq?

Been doing a ton of reading and research the past few months and getting ready to take the plunge.Got my first pre-approval and I have a sneaky suspicion that they offered me a terrible rate, knowing how new I am.

They have paid around $70k into a $170k mortgage over 20 years so far and have been constantly falling into credit card debit, renewing their mortage over and over.. its never ending.

Someone with a builder's license who doesn't mind putting some time in should be able to beat this price quite easily by contracting out the trades or using their own guys who may be paid hourly... 

I actually cancelled my paid one for this one.

@Kate J The note I closed last week has an UPB of $37k, the house value is just under $50k, and I paid much less than $20k for the note.

I just recently heard about HELOCs and refinancing a paid off home to purchase another.