I'd mitigate the worst case by not going over $150K on purchase price.Also, it looks like you have some money, so even in worse the worst case scenario, you could sell and sustain a loss without sinking.In the expected case you will invest about $200K and earn about $20K, a 10% ROI.  

Born in Somalia and raised in California, i attended Long Beach State University and earned my degree in Business Management.

You'll make a few extra trips to the gas station, but the equipment will run better with fresh gas. 

Just don't rationalize lifestyle inflation with the extra money.

Works best if you have a property under contract first, show your potential partners how much they will make and how long it will take.Look at 50 houses in one area, become an expert in that neighborhood  of valuesDo something to earn an extra $100.00 per day (read the book)Good luck

I'm looking for a foreclosure-specialist broker in the Raleigh, NC area, the kind who wants to earn himself 12-30 deals per year and knows how to run the numbers to make that happen.Thanks!

If he can't do that without an extra incentive, he won't do it with one.  

(Gasp, sometimes even we wholesalers have to do something to earn our keep. 😜)3)  Are there any city programs out there available for assisting the buyer in fixing up the place.  

Bravo.If you'd like an extra set of eyes on the market, feel free to reach out and let me know what you look for (in terms of both investment criteria and property criteria).  

I would just have to borrow extra if I were to pay 20% down, which would prevent me from paying the mortgage insurance.