To determine if it is worth buying you would need to have an estimate of how much the repairs would cost.

Two initial estimates were the same, but actual costs ended up being more than double, and took twice as long.

I estimate they should earn about $280K pa, for a profit of $110K pa for operating a property management business.The difference to me is between making $170K pa with no hassles, and $220K with potentially many problems.

-Having said, what are my chance of financing a home without a record of income?

Here's your chance.

Also the closer you get to the auction the greater the chance the bank will want to negotiate with you, especially if its a Sub-prime mortgage.

That tends not to be the case with high deductible plans because they are intended as more of a back stop so there is a chance these plans may not be offered in the future.

That way gives you, the buyer, a chance to contest the fees.

If the agent truly is clueless, then there is a chance that the seller won't even accept the offer, thus making submission to the bank a moot point.Unfortunately, with a clue-less agent in the way, you are screwed, the seller is screwed, and the bank is screwed.

That way it will come from a trusted source and will have more chances of conversion.