Jim is right, this is an excellent deal provided it doesn't require a big rehab.Mike

thanks for all the input guys, i agree this deal isn't the best, i'm just not sure how to go about leveraging the large amount of cash i have to get the best return...i liked this deal because i am interested in owner financing, however i am a "first time buyer" with an excellent credit score and a decent salary at my day job...im in finance right now but going back and getting my MAcct and hope to become a cpa...but i'm young and i am looking for a rather easy first investment...if thats possible...i want to capitalize on the first time home buyers tax rebate as well...i've been looking into tri's and quads...too many options...need guidance :)

Low fees and excellent rate.

If any number is below that a big angry red cell pops up on the excel chart and the property is a no go or the price needs to change.So the conclusion for this property is that it would have to be acquired at $205,000 for it to meet my criteria.

Excellent Jason!

We almost got turned down for our mortgage (despite an overall EXCELLENT DTI ratio, and credit), and I DID get turned down for financing on some expensive dental work I needed (I wish we got paid for as much of our work as you guys seem to...).

Luckily my credit before the short sale was excellent, and I had very few credit accounts with balances before this that are settled n resolved now, so I suspect once the short sale goes through my score will jump much higher than it is now.

It is an excellent resource.

Disclaimer - I have not made it to the Baltimore REIA yet (heard it's great) and the RealDeal ( which I know is run in part by the same gentleman who runs the BWI Meetup so I know it has to be excellent (and FREE)).I know it's far for Andrew (Havre de Grace) - I would definitely suggest the Real Deal Meetup in Arbutus  (and it's on a Saturday as well - bonus!)

Our credit is excellent with a high yearly income...