In researching, I found the low activity is contributed to 4 major factors:i) start of schoolii) increased competition from new builders (priced about 10-15% higher)iii) lack of a swimming pool (to cater to the younger ones)iv) price point ($450k)*There are 3 comparables that have dropped the price by $40k over the last 30-45 days, but are still remain under ACTIVE status.I am prepared to wait till demand picks up a little or the right buyer comes along.  

There is 90k in equity on the house after the remaining balance on the primary is paid.The second is being sold at 39% of the UPB (10k for 25k).

This is something we've yet to figure out...here's the problem we run into: For our typical rehab where the countertops can go in with the cabinets (when using laminate, for example), the project is completed less than a week after cabinets go in (after cabinets, we only have finishes, flooring and punch list remaining).

The 2 story shed will remain and the chicken coop will be removed, and the upper lot will be completely clear cut (he will be seeing if the local lumber mill will accept the wood for a return).On the inside, the kitchen will need its cabinets and sink replaced, the laminate flooring tore up, and will need all of its appliances.

Take the section 8 and let the lease ride out for the remaining 9 months and then choose to renew or not with the tenant. 

You can take a reasonably salary, which is subject to self employment tax, and then disburse the remaining profits free of that tax.

If not, the buyer will remain responsible under the real estate contract to fulfill the obligations that he or she agreed upon at the time the contract was first signed.Any release of the buyer’s obligations by the seller has to be specifically stated and in writing.For example, if a buyer signs a real estate purchase agreement and inserts language that he or she will be taking title to the property in the name of his or her wholly owned corporation, that’s not creating any kind of assignment from the buyer to the corporation.

There is no doubt in my mind that the KEY to success is living below your means early in your adult life - Delay gratification for a few years to accumulate the investment dollars and let those dollars start working for you EARLY - a client of mine (and Biggerpockets member - although I am not going to call him out here) is the perfect example - He is buying houses at a pretty rapid pace now and makes a pile of money - In fact, he is only a couple of years away (at 29) from quitting the day job to spend the majority of his remaining time on earth hiking and traveling- How did he do it?

I purchased on an FHA loan, and while this was one of the better deals that I was finding, the remaining monthly cash flow that I get is about $300.

Negotiate a write-off of half the bill with the hospital and pay cash for the remaining balance with my money I have saved for a down payment.Outcome:  I could still have dinged credit because of the write-off AND my cash is now gone.Does anyone have any suggestions or ideas to minimize my "cons"?