Based on my current financial situation, do you think the goal is realistic?

I am looking at a property on auction.com and the listing says: Conventional Financing Not Available.Does anyone know if this contingency is based on the time that is required to close or whether it is just a protective clause in case there is a cloud on title and financing would not come through.I have a hard money loan lined up for it and would plan to back into a mortgage as the property barely needs any work. 

On top of "giving your Tenant an inch" before he/she even moves in, I still don't think anyone can conclusively say what the long term effects of vapor in an enclosed spaced are going to be.

Based on the information provided, you may want to cut your losses and move on. 

If I were writing the offer, I'd evaluate the property based on the cost of this repair by either asking for a price reduction equal or greater than the price of repair, or for the seller to remedy the situation prior to close.

In terms of the niche, everyone has different preferences, so if you're talking feedback from others, make a decision based on what would work best for you and your wife.

There are several IRA based vehicles that would not be impacted by the presence of employees and would provide great flexibility for alternative asset investing.

I could see this working if you tried it this way:-buy a very distressed property that somehow still qualifies as "livable"-perform a live-in-flip style operation, minus the flip at the end-do a cash out refi based on the higher value after renovationYou'll have to make sure your cost of renovations are much lower than the equity built.

The reason he asked was there's a high end, and low end appraisal depending on what you need it for.Now, if it's intra-family, and you're getting it below market, to play it safe, do the sale based on the appraised amount, and have the difference handled as a gift.

If not, then I doubt the seller will be willing to give too much based on the fact he/she knew it was old and probably took that into account with their list price and ultimate contract price.