Below are my statistics on the house.  

For placement in your kitchen (left to right), I would consider: Interior left wall - refrigerator, counter; Exterior back wall - counter with dishwasher below, sink with garbage disposal and window above, counter, range with range hood, counter, exterior door; Exterior left wall - electrical panel, shallow depth pantry cabinets and perhaps a shallow depth counter with another window above or a space for a small dining table here.

If I was the seller and had to move *now* I'd probably take an all cash offer, if possible, even $50k below ask just so I could get out of it. 203k might be an option if there are things wrong, like the roof is leaking or whatever, but again there's a fair amount of complexity involved that might delay the process.

@John Cameron  go to your profile page right below your name it says Realtyshares.comfurther below in small writing it says Seattleshares.comcould be a typo on your profile page.I started in HML in 1985 and Mentor with the master Jack Langer in Oakland. and I can 100% tell you that relationship with your borrowers is worth 2points all day long and borrowers are not going to jump ship for small % they turn the loans to quick and its about scale and time and knowing for sure you have a deal.And as you say many rehabbers are not that great businessmen and I can tell you any that are not great would never get by a prudent portals underwriting at least not RS Patch of land or REalty mogul all of how I am intimately familiar now there are some hac portals out there that made some major boo boos but no more .And SEC has NOTHING to do with the individual underwriting of a sponsors deal ... there is no uniform underwriting criteria a portal has to follow .. just like me as a HML there is no underwriting guideline I have to follow unless I am tagging the loans to my credit line at the bank and or using PPMS.. but when its our own cash we do what we want..

See below for approved sources of downpayment.

They countered us back to $152k (LP of $154k), and the existing monthly rent is $1400 (could potentially get up to $1600/month), putting this right around, or just below the 1% mark.  

There is a Triangle REIA at the link below.

The link below is a link to Sonoma County area Real Estate groups that I found on Meetup.com.

The cost is for a water softener and filter system.

The taxes and insurance would be low on this property, so overall it seems like a solid deal that could potentially almost meet the 2% rule.