(these old homes can be tough to update cost-wise sometimes)As long as you can keep it under 100K if renting it out (purchase + repairs), you should be OK.

So at least I have my attorney fees covered if it goes as far as court after refusing.At this point I could take them to small claims just for the deposit, but any judge can be unpredictable and just want have all my back covered so I think it's wise to sue for double to cover myself incase they counter sue and the judge thinks I should pay the amount I actually owe for the lawn anyway.

For the right investor, one who maybe has their own crew and has their own money, this is a pretty good deal, numbers wise.

I don't think it would be wise for me to jump right into a property needing extensive rehab, even if it was a great deal, because I haven't built up the experience in baby steps yet.

It also gives a new investor time to learn how to invest wisely and build connections.

We did have to remove a few posts early on, but other wise you guys have been awesome!

With interest rates at record lows it seems leveraging my money would be wise, but I would rather not deal with the mortgage company and the payment (although it would be very small).

I keep hoping some wise poster will jump on here and let us all know the secret to finding these folks Bryan.

It's best to work with someone who you can get along with and is a good fit personality wise.

And if so, are the asset managers wise to the transactional lender POF letters now?