That sounds about $1700 too high.There's a good chance that I won't be back on the computer until late Saturday, early Sunday if you re-post.all cash

And other things such as: Is you credit strong, how are your reserves, are the reserves seasoned, do you hold assets, do you have any MTG lates in the last 18 Months, have you declared bankruptcy in the last two years, and anything else that may help!

I often stay up till 1am finishing posts.

Probably nothing like what happened in the late 1980's and early 1990's-- long before I started investing.

So if one was to attempt terms like this (I had been thinking about it a lot lately) The best way to set it up with the lowest risk from what I'm reading in your post would be to make the offer assignable and put some money down say 10-20% to help eliminate the risk of being upside down right out of the gate?

If you are injured or something else comes up you will not be able to finish as planned.

We have had a problem with the renter paying the rent 5 to 7 days late every month so we tacked on a $35.00 late charge after 3 days late and changed the due date to the date they said that they would be more comfortable with.

I lived in Houston in the housing debacle of the mid-late eighties and there were few penalties for people walking away.

I've owned a few investment properties over the years and lately have stumbled my way into private/HM lending using my self directed IRA as the source of funds.

There seems to be a great number of Rehabber joining lately.