The "discount off list price" is absolutely meaningless, as list price generally has nothing to do with the value for a short sale.

Last but not least, I see some value in keeping business and personal separate, and currently my rental stuff is overpowering my house and absolutely my garage.Would love some thoughts!

Absolutely David, I'll be in touch!

But anything less than that is an absolute no.So if I purchase a house for 65k, put in 13k in rehab and pay 8k in financing fees, I'd be all in at 85k (deal I did recently).

I absolutely love living here, now addicting to surfing and pretty much stuck living close to the ocean for my remaining years.MFR is my current area of interest in Indi, Atlanta, Phoenix, St Louis, Austin, etc. and look forward to networking with everyone on this site.

We knew from the get-go that we had to tear the house down, and it certainly wasn't our first rodeo in projects of this size, in that City.I'd say if anything crept up on me it was an absolute avalanche of work that came up during the build.

UNFORTUNATELY I HAVE ABSOLUTELY NO EXPERIANCE IN REAL ESTATE SO IM HERE TO LEARN AS MUCH AS I CAN AS FAST AS I CAN, CURRENTLY IM WORKING IN AFGHANISTAN BUT WILL BE HOME FOR GOOD IN A FEW MORE MONTHS,I WOULD LIKE TO SAY THANK YOU IN ADVANCE TO EVERYONE THAT TAKES THE TIME TO TEACH PEOPLE LIKE MYSELF, FROM WHAT IVE SEEN THIS IS A GREAT COMMUNITY .

There goes a big chunk of the benefit of doing business under your LLC.I say buy the first one cash in your LLC's name if you're absolutely sure you have a winner.

Absolutely agreed...in fact, we tried out best to design the house in a way that would maximize appraisal while reducing building costs...mostly by playing around with the above grade versus the below grade square footage and finishing just enough of the basement to get appraisal credit.The question was more from a "what do lay-people generally mean when they say/hear square footage" standpoint...or even what do builders mean when they use the term.I'm fairly certain there's no "right" answer...everyone will have their own opinion...I'm just trying to form mine... :-)

I absolutely love the South!