Also, you are more secure with a larger loan.

His cost basis at that time plus any extra amount he spent would be his new cost basis.

Everything your want to know is online, but, if you needed $100,000 or more to pay for Down Payment and all the Closing Costs for a Home, would you really want to even start?

Depending on the deal's profitability, some will only require you to bring 10% + closing costs to the closing table.

We would not have been able to relax (retire sounds so final) early without our housing and utility costs being completely covered as they are. 

- New builders have been given lots of incentives for months now - they pay closing costs, buy down interest rates, higher commissions for agents. - Possibly... in most areas of the country the market is a sellers market and the seller can get top dollar for their property.

This should include down payment, closing costs, potential rehab costs, and a reserve for unexpected expenses.Market Research:Choose a Market: Decide on a market where you want to invest.

The community undertakes tactics intended to delay the approval process, add carying costs and force design revisions.

Ill call around but it sounds like this is just another lessoned learned through the process and the cost is going to be in that ballpark anyways. 

Look for properties priced at least 20-30% below market value to account for renovation costs and profit margin.