The comps for like properties in the area you are looking (19139 and 19143 zips on the edge or just inside University City), are selling on average in the high 200k to low-mid 300k. 

Thought it might not have been rock solid, it might have been just that little bit more of an edge that would have kept him from taking their deal until ours fell through.Won't make that mistake again!

I don't have to cut my fees due to being under a broker.

So at the same purchase price and renos, using a little creative financing allows us to cut out "cash down" by more than half, which almost doubles our ROI!

Even if you don't cut yourself a large paycheck, your portion of the profits from your car lot is income.

Normally we'd have the grass cut during the first 1-2 days of taking ownership BUT, my pickup truck is in the shop and I can't fit the lawn mower in my car (or maybe I just don't want to - lol).

He cuts me a check and I either purchase or lose the auction. 

Or if you can cut expenses, the value goes up. 

If things go well I'd even like to turn it into a business where I do this for other people, while getting a cut of their return.

My stove is like that now and I always have to remember to not have anything hanging over the edge.