You may get by, let's say with a smaller rehab tab of 4K (as you could express to the "buyer prospect" that you just did 4k worth of rehab) and leave the other 4K "on the table", as a bargaining chip.Let's assume the house has an "after repaired appraisal value" of $75,000.Hold out for a buyer with at least 20% down or at least $15,000 (try to get a little more, like "if the buyer gives you $2000 more down, you will match the 2K and do the extra 4k in rehab work!

I think I have a lot of services that I could bring to the table

Wholesaling, the bank does not need to know anything, they will get a payoff at the closing table.

Make sure you price in the former as it makes this property MUCH less appealing.You can get by with much lower maintenance costs, but then you devalue your building over time, if it's in good shape now, you had better keep it that way or you won't have much money on the table when you go to sell it.

The numbers have to work of course and your 70% of ARV minus repairs is typical but not unique.Another formula you can use is to simply leave at least $100k in gross profit for the flipper on the table.

Basic license is the easiest one to get (It isn't "easy", but it is "Easier" than getting a commercial license.)... maybe you should think twice about hiring a guy who doesn't bring the professional chops to the table himself.

hate to give this place up because it's a one of a kind property in a very desirable area and I'm thinking it could do well as a VRBO.In a nutshell, it's a 4 Bed, 3 Bath home on a little over 2 acres with:Indoor Pool and Spa with Retractable Roof.Separate but connected Diner / Malt Shop with Fridge, TV and Stereo.Huge Game Room off said Diner.The Game Room is actually a oversize 4 car garage, but it's fully finished, fully insulated, has it's own central heat and air and a full bathroom.Prior owner used this portion of the garages as a showroom for his car collection, we use it as a huge Gameroom.This gameroom has a 65" HD TV, Stereo system, Regulation Pool Table, Professional Quality Fooseball Table, Professional Quality Ping Pong Table and a low end Air Hockey table in it.House also has a 3 car attached garage and 4 more garage bays in addition to the 4 bay garage area we use as a gameroom.There is also a horse barn on the property, but we use that just for storage.Home is near major highways, major shopping, dining, entertainment etc. in the city of Lucas which is North of Dallas.I've seen VRBO homes in Allen that are in the mid to upper 100's per night that look like they are doing fine - I'm basing that on pulling up their calendar and seeing the days they have booked into the future.

See Table 1-4 on page 17 in IRS Publication 590 for the rollovers permitted between various types of plans.

We have mass government corruption and planners that often have their heads up their butts, but things are getting better here... due in no small part to private investors seeing the potential and putting their money on the table.

We'll just get a bigger table!