I'm going to try to get him under contract for a generous $80-85k offer which is unfortunate for him because he has a good amount of equity and the repair work, from peeking in, is work I can do and I'm no handyman.

Not what I am interested in. I

Hell the EPA will come in and audit your books back to april 2011 when the regulations kicked in. I

It all depends on your personal situation, goals and a particular deal that you are investing in. I

But when it comes to calling the numbers on the "for rent" signs on the same street as a rental I'm involved in, I don't feel great about it.

I think it is the best part of Michigan, but then again I am a little bias.Which city is the work in? I

However, the area I am in is a big sellers market.

Originally posted by @Jay Hinrichs: @Ted Schmidt what were you flying in ? I

If you only have one that is not rented and no additional cash flow saved up then you are really stuck.Yes it's more work, but that will be the case with anything you choose to be successful in :)I also don't like the idea of banking on appreciation, didn't 2009 teach us anything?

We will probably take a different house, and if this house is still on the market when we move in, I will see what kind of rehab pricing I can get--especially now that I have spent so much time researching what needs to be done.Thanks all!!