Talk about a nice increase.

. $15,000.00 in repair and upgrades to bring it to being a nice home.

It is nice to hear that people are getting something useful from it.

Is there a way to easily finance the entire amount (+ closing costs would be nice, too)?

It is a good excuse to have a nice cup of hot chocolate!!!

The house I plan to rent is in a nice neighborhood - so it matters that the lawn is kept mowed, the sprinkler system is used, and the flower beds are kept weeded (or at least not allowed to go completly wild).

I think you'll have to look hard for20% cash on cash, but those are out there.As for quality, I think with the tough times we'regoing through, there are really nice houses comingon the market at steep discounts.Especially look into the Short Sale market to findhouses in pre-foreclosure that will be quite niceand might even meet your cash flow requirements.

I would probably take a nice downpayment or ask for 1/2 the assignment fee up front.

In fact you can take the profit and find a home and pay cash for it free and clear and enjoy a nice chunk of positive cash flow every month for the rest of your natural life (as long as tenant is in place).

Or some people are way to frugal, never buy anything nice and do nothing but saving and investing.