I'd like to put in a French door which will cost about $400 and I figure the closet I am guessing will run about the same by the time I frame it, drywall it, give it a door and some shelves.

The seller says that he has an offer on the table for 3 million.

For someone to mentor you have have to bring something to the table.

My friends Keith and Shannon French do lease options and are from Louisiana.

So, if you buy with, say, a 3.5% down FHA loan, and then have to sell, you'll have to bring your "deferred down payment" to the table to sell.Rentals are, to a large extent, a cash-on-cash return game.

To gain insight on what I can go back to the table with.

So hypothetically based on your example of an ARV of $490k they would lend $318k, but after your purchase price and rehab costs totaling $335k you would need to bring that difference to the table.

My wife became more supportive when I quit talking about re every night at the dinner table.

Though his written English is very good.I'm one of those, not so rare, Canadian anomalies who learned to speak both English and French growing up, but my formal education was in English, so my writing skill is very weak in French.Now, if I could only digest a portion of the information you share here regularly, I'd be beyond my private funding hurdle.BTW: Who's Ron ;-)

I will definitely bring all of these concerns to the table, but I am pretty sure they function more like condos.