I think the Cap Ex is spot on, but I might lower the repairs down to about 6-7%.

Josh and Brandon have moved in to my #1 spot on my iPhone podcast cue.

I'm typically very conservative in my investments, but to make the 20 or 25% downpayment, I don't want to sell stocks or borrow from my 401k.1) have you ever taken a "personal loan" from a bank to help fund a downpayment? 

I just have hard time seeing 3-5K sitting in a bank savings account losing money YoY, but I guess anything outside of that like a CD either locks up the money, stocks, bonds, mutual funds have risk, and crowdfunding also.Thanks for the input, this is why I really like posting on BP, multiple views and things I might be overlooking.

David this list is quite flawed96 though 99  is Stockton modesto fresno Bakersfield  LOL.. not exactly garden spots..

We are at the exact same spot so maybe we can partner to get moving faster!

Sean Bell the story told by Jay Hinrichs is spot on.

The tenant originally stated he had gambling issues and today when he called he said he had money invested in the USA stock market which 'is taking a long time to clear' this seems like an unlikely story and another ploy to extend the eviction process.

@Steve Anderson - I have started to run mock numbers and what you say about math will tell you about the decision is spot on!

You may be able to do the deal without but if the rehab costs exceed your estimates (they probably will) then you will be in a bad spot.