Since the agreement is contingent upon court approval, I dont know if I have a leg to stand on now that the other side is fighting it.And yes, I did cut down my buyer's list to about half of what it was to get rid of the tire kickers and troublemakers.

I currently live in a duplex where I live in one half and rent out the other.

I actually mistyped, the house is 3 bedrooms, 1 full bath, and 1 half bath, which would help alleviate 3 girls in one bathroom at once!

We usually collect a deposit to cover special order items and permits (usually 10%) before the project starts then 30% upon inception, 30% upon half complete and balance when totally completed.

(additon is a dining room and bedroom with half bath).

:) Of course that's nothing compared to the over $6k in trustee and legal fees I paid foreclosing on a $35k second over a period of a year and a half.

Its a foreclosure that is on a half acre lot and I have walked the property.I am willing to put in the sweat equity and do the work on this fix and flip.I am looking for A) a partner, that wants to take a percentage of profit to basically cosign with me on my loan....

Saving $30-$40 an hour in doing the work yourself isnt really saving if it takes you three times the amount of time and a third of that is just travel.There is money to be made in CH's but work on getting a team and using the value of your time to create your strategy on how much you have to invest for the overall purchase and rehab.

The mortgage companies balk at the idea of my rental because I bought it a year and a half ago, so they've approved me for an FHA loan, and will not consider a conventional loan.My wife and I are planning on our next purchase being a long term rental, after we save money for another down payment anywhere from six months to a year down the road.

Half the battle is starting which it sounds like you are already there.