the topic summed it up, but the reason I'm asking is that I want to know the types of end buyers to target.

We have supported as lender when folks purchased for $17,000 and sold for $30,000 same day.The flipping, land lording might need some cash of your own; even though you can get lender involved for portion of it.There are other tweaks and variations on real estate; which you can explore as well.See what works best for your situation and change as you grow.

This means you can't have a balloon payment though unless you are willing to gamble on appreciation.2nd, you could make an offer for 250 with a clause saying that the seller will get their other 50 when you sell the property, or some variation on this.  

@Tim JohnsonI’ve tried searching variations of Grand Rapids, Mi and Lawyer, which doesn’t narrow it down much, but I’ll keep looking through the profiles.

Each room is separated by a doorway so I don't think the variation in flooring will make that big a deal and from my research and everyone's comments hardwood will hold up better than laminate.  

Of course (since I own a title company too), if I thought I was going to be getting business from you in the future I would likely just review them for free, especially if they are just variations of the standard Bar approved contracts.

And I say ASAP because an appropriate rental for me to move into just became available.Here are my assumptions: The condo will be fairly easy to rent The rental income will only cover 75% of my monthly expenses on the condo (mortgage, taxes, HOA fees) but I'm stuck paying those regardless.The rent payment for my new place, and the rent I collect, will be the same on a monthly basis (break-even)Repair/maintenance costs will be the same whether I live in the condo or rent it out (break-even)I will incur new costs for professional management and potential vacancyThe condo is in a good location and I won’t be underwater in five yearsMy front-end DTI is 28% and I have excellent credit with no other debtHere are my questions:From what I’ve read, there is some variation in what lenders require to use rental income to qualify for the next mortgage.  

I was going to name my LLC that I use for my fix and flips "Flipping Cleveland" as those of us that have called this gem of a city home have said variations of this over the years in regards to our local governments and/or sports teams... ok, mostly our football team... and the baseball team since the early 2000's... and our basketball team sans LeBron... 

For that matter a buddy who may say something to help his friend out There are many variations that could be discussed, some valid issues, some not.  

A variation on the theme which I considered but chose not to use would be, instead of buying the appliances, window coverings, bathroom finishings and landscaping, I could have given the tenants an “upgrade” budget, where I still approve and pay for stuff, but they pick it out and choose the installers and landscapers and painters.