@Joshua Dorkin People who work (some other job) full-time typically have one advantage that those who work in REI full-time:An alternate stream of income.Simply said.

Typically you have to put down a minimum of 20-25% on an investment.

What would be typical terms for such a loan?

I'm not sure about all states but typically as long as you live in the unit you are required to pay rent, regardless of the condition.

Typically from what I have been reading there is a lot of uncertainty from the people that have used the site to bid on properties.With that being said there are a number of people that claim it is legitimate and the major problems stem from lack of due-diligent on the part of the bidder.

That is a nice feature.

I seen zillow has a new 'zestimate' feature that predicts what an REO is 'Probably going to sell for' before it even gets listed!

HAMP typically would mean she got a modification and not a refi.

Gas inserts typically cost between $500-$2500 and installation into an existing masonry fireplace ranges between $500 and $1500.

Let's start with a good ARV, estimate repairs/updated features, and then work the numbers.