oh and to save some time i knowasking price, comps, and repairs are a must but what beyond those numbers/info?

Repairs are about $5120-6400 cosmetics updates).

This includes capital expenses (like a new roof) and appliances, repairs, and vacancies.On this site there are lots of articles on the "50% rule".

Most of these homes are quite old and am afraid these might be endless headaches without costly updates and repairs.

I have an equity line/401k to fund the repairs.

I will promptly add you so we can exchange messages.Thanks.

Depending on repairs and what we agree on price wise i'll place it under contract this week.

So did you repaired the damages with your own money and and now essentially paying yourself back by taking it out of the deposit?

It is important that your wife is happy, but if you are unable to build up a reserve fund, what happens if you need to replace your roof, AC, repair your car, or even worse you lose your job?

$110,000 + $5,000 (closings costs) + $15,000 (repairs) come to $130,000.