We love 3/1- 1200 sq ft, those are our sweet spot!

It's rural and more of a vacation spot than a metro area.

I think you’re in a strong spot for your first deal.20k is a good amount to make a flip work.

This was bank owned in a prime spot of NE Minneapolis.

Looking forward to repliesI know Im in a similar spot...not sure if I should do a cash out (I have a decent chunk of equity in there) or just save up the 25% for the next one

.$57,600 was...or is it $57,700....800...900....you get the point, that either was or wasn't your max.My suggestion is 1) make your escalator more substantial like $250-500 increments, its a more tangible increase to the seller, and also you're less likely to feel like you lost over a small balance. 2) be better prepared to offer on the spot whether being pre-authorized to offer by your wife, or having a initial convo with her before you go so that you can then call her at the property and 'confirm' her approval.

I spotted a house for sale for months and months in a beautiful area in hilton head island, SC.

@Tynee Riley - @John Warren is spot on! 

He painted out the worst spots with Kilz and proceeded to rebuild the house. 

I think the sweet spot for the area is 2/2 or 3/2.