Not even half the $5K (which will make this even less that the 1% role).

Prop manager takes half of first month and 10%.

My primary residence is in Lansdowne and I work (and half live) in Plymouth Meeting and Conshohocken.  

  :)Brian you were probably like me when we started this we had a big table with scissors and all the legal publications and we spent half a day cutting out our NOD's...

Account Closed  having bought my fair share of preforeclosures.. your first rule of thumb is to basically disregard what the seller tells you because half the time they don't know.your job if you want to buy this is to get them to tell you who their lender is and get written permission to talk to the lender or the trustee handling the sale.. then contact said lender or Trustee and get a payoff quote in writing once you have that then you know if the deal works on the money side.. without it your wasting your time.

This home is 2bd 1 and half bath, 1350 sq ft with a nice size lot.  

I'll be honest and say that I only read about half of your post....You have $25k....I've bought 38 units totaling over $1.3 million with less than that out of pockets.

That's more than half of my $4000/year profit.  

I managed to work out a deal to get half of the listing agents commision however.  

I managed to work out a deal to get half of the listing agents commision however.