I forgot to mention I don't have a car payment to worry about either, so I definitely plan on having extra money to save or pay of loans more quickly.

You may only need to use them in the stubborn areas.Also, if the floor is a large area such as a 2 car garage and or has any cracks, you'll want to put down an isolation membrane first. this will keep the cracks from telegraphing through your tile.

Extras that would make it even nicer: add a master bathroom suite, covered patio, 1-2 car garage depending on permits, minor landscaping, love :mrgreen: Some renovation costs i would guess at $15k for carpet, a/c, dryer plug, windows.

I consider debts on income producing assets to be good debt, as opposed to debt on non-incoming producing assets such as cars, boats, toys, etc.

Before ever even starting my first business I went to a Mercedes dealership, sat in one of the cars, took in the new car smell, and took one of the brochures home.

This nonsense rewards those that used their homes as an ATM, tapping out the equity every year or two as prices went up, buying cars, trucks, boats, who knows what with the equity and now that values have dropped, and they're underwater, they get a bailout.

Just for some quick numbers:Purchase price: $79kARV: $182k (from appraiser)Rehab costs (not including foundation/masonry work): $20kExpected foundation / masonry costs: up to $25kAnticipated gross rent - quadplex w/2 car garage - around $2600/mo (from several PM companies in the areaSo total cash into deal is about $129k, or at 0% down (not what I'm doing) I could cashflow at about $700 total or $175/door.But - the lenders won't fund the deal.

Let me break down every episode in a nut shell.Scott buys an ugly house for pennies.He rolls up in a very high priced car to belittle his contractors and cut as many corners as possible.Amy is frustrated with Scott's corner cutting and then goes behind his back to (over?)

(Anytime we're in the car we have our eye out)..........  

do not waste your time with that site @Chas Fabiano get in your car and start driving your area to learn as much as you can about the neighborhoods as possible,write down the address of houses that look in distress, look up the houses on your local gis system  and send them a letter to buymeet as many people as possible at your local reia group good luck