Also Summit is higher closing cost. 

That she knows she could get way higher offers elsewhere.... that she could rent it for $1500 monthly.... etc.)I just don't have the lingo or skill-set yet to turn objections into "convince me further" conversations.But I know it's all a numbers game.

The one thing the realtor is doing now is listing with his remax office on the MLS at a higher price to help the appraisal go through.

The purchase price is higher than I plugged in by 20k but to me, this is questionable...….my problem is, these props are selling which means SOMEONE thinks they are a deal. 

Hi Betsy,Williamsburg is fairly diverse with the majority of properties leaning toward the higher end as compared to Newport News and Hampton. 

I think if you break even today you’d still be a net winner in 5-10 years with higher rents, appreciation, loan pay down etc...most people I talk to can’t change their life with $100/mo cash flow or even $250/mo so if it’s $0-$250 it’s virtually the same.)Are you planning on using property manager?

It looks like they started some demolition, and maybe found some stuff that ended up suggesting much higher repair costs than they were ready for.

Originally, my rehab budget was about $63000 which included roof, siding, total redo on the inside, new furnace, air, and duct work (currently has old boiler system and no duct work) I had several companies say they wont do loans for less than $75000, so i increased my budget, opting for higher end counters, etc...

The closer you get to Cleveland heading east toward 117th, the cheaper things get and crime is generally perceived to be higher.

And even if I am able to borrow, the rate of HELOC is much higher than a traditional mortgage, I would want to refinance to a traditional loan.