If in a year I haven't been able to sell it you get your new, improved house back, freshly remodeled, payments up-to-date and you keep the 5k. 

By coming up with a creative target strategy and useful content, you brand yourself as a top expert, gaining the trust of people seeing your posts.

No repairs - now and not for the next few yearsThe schools are not exact perfect scores but if I look for similar homes in areas with good schools the ratios may not be as good for brand new homes.I appreciate your comments .Regards,Harsh

You'll pay a higher % of your commission at a full-service / name brand brokerage vs some other options, but you'll want the support structure when you are starting out.

I'd do 5% at minimum, even after a fresh rehab to have in reserves for when something big goes wrong.Also, I'd have to agree with Brandon. $17k seems wayyy too low for the amount of work judging from the photos.

Good day Bigger Pockets Community,I have do have a current scenario I wish to receive feedback on please (see below).I'm brand new to the community and to real estate investing.I recently stumbled onto this website and have be drawn in as I'm looking for alternatives to working for someone else and the traditional work hard and save mentality.I recently (after hearing in many podcasts) listened to the Rich Dad Poor Dad audio book and was blown away.I now realize that there are other ways.My mind is busy with possibilities but in the short term I plan on learning as much ongoing, getting involved with either bird dogging and or wholesaling hopefully evolving to flipping and or buy and hold in the eventual future.I started to make some contacts with contractors and a possible hard money lender just thru casual conversations.It's exciting, but I know I have alot to learn.I own a home in San Jose, CA and wonder about leveraging the possibilities of the equity I've built.Here are some numbers.Owned for 15 years2Bedroom 1Bath with a 2nd story loft 1090sq ftI Owe $290k on 30yr mortage at 3.375%Owe a non-bank 2nd to my mom for $13.8k at 3.375%Estimates on Zillow $550k and Trulia $623kI was wonder about trying to time this market.Robert Kiyosaki and others talk about a nearing market crash.In hindsight (and we know what they say about that) I could have sold in 2007 for these current prices and entered back in 2009ish at a vast discount.I considered selling back then and now see the opportunity that was missed.Appreciate insights.

Over the next 20-25 years you are going to need to cover:1. a new roof, unless you inherited something like slate or copper2. 2 water heaters3. brand new HVAC system4. siding, unless it's vinyl5. tenant damageAs you can imagine, these cost vary widely.  

Additionally, it's still an out-of-state condo in a dying area and a brand new investor.  

Was searching short sales and came across this description on the listing:This place has a brand new doorknob!!

In this case, property ownership (via title and deed) through the LLC, but a mortgage owed completely and totally by the individual(s).It's a VERY strict interpretation and has it's basis back in the day when LLCs were brand new.