The question is, does it fit with the rest of the neighborhood.

The key is to reduce the spackle to an amount slightly higher than the rest of the wall and then lightly sand to make it blend in.

They may have $5,000 in paint and carpet, maybe even $10,000 in repairs, but the rest is profit. 

Steven it sounds like they have 10k into the property and are trying to get their total investment back and then finance the rest out for monthly payments.The sellers this way as investors keep recycling the cash and build up revenue streams with monthly payments.In this case if you do not have the 10k then the seller will probably wait for another buyer.

I understand they do this to have a better chance of recouping their money incase the borrower falls through and have to sell the house but I am curious about how borrowers typically find the additional money to fill in the 30-35% as well as the rehab costs they couldn't get from the primary lender.Are the borrowers expected to have some of their own funds to contribute to the deal or is it standard for them to find other lenders to fill in the rest of the needed capital?

The thing anyone should be afraid of is working a 9-5 for the rest of your lives.

Hopefully, we're still building aircraft carriers so we can scare the rest of the world, cause we darn sure don't have anything to sell em except for food and raw materials............we're in deep doo-doo.

Wheatie , not detroit , plenty are in Cleveland though.I'm looking at having 2-3 properties at a monthly loss so I can cashout, all properties are cash-only deals and unfortunately I can only come up with $12.5k to one one or twice a year.I just need one or two to be debt loaded to buy the rest, then the remainder will be no more than 20k-30k assuming a rental income of $650/mo

Sure, its a great idea in a hotel where someone else maintains it, and its isolated away from the rest of the property.

They work all day in a cube or office and go home and basically do nothing the rest of the night.