If there are cost overruns that cut out 15% of the profit, he still makes 7%.  

It gets the small pieces off his hands and if he does the kitchen he will cut a good deal on these small pieces. 

If they break the lease or stop paying the rent I have a large deposit as a cushion.I tend to keep the same tenant for many years with cuts down on turnover costs and losses.

If you're looking for that, then you'll need to direct market to the sellers to find them first.If you don't want to do that or can't due to cost, then connect with as many wholesalers as you can and they will let you know about deals that they find and can sell you for a fee.Eric is right, if you're looking to buy and hold, then you have room to pay a little more to just GET the house - but be careful that you are still getting a good deal and not just ANY deal.My advice to you is to look at market value and determine what your cut off is.

Do not sand, saw, pulverize, chip, bead blast, or dry scrape existing vinyl floor, backing, lining felt, asphalt, "cut back" adhesives or other adhesives as they may contain asbestos fibers and or crystalline silica."

Material costs are adding up and trying to cut some corners.

My issue is that we are finally through planning and I am at my last step before construction which is obtaining a curb cut permit from NHDOT.

So, that limits up front communication except cut and paste responses about when the next open house is scheduled.

Learn how to budget, cut your expenses, and save.

ARV = $125k-135k-though a home (4/2) 1100 sq ft two blocks away just sold for $170k.Rehab = $35k-$40k adding 2nd bathroom.Based on numbers, $60k is cutting it pretty close.What are some creative terms you would put on offer to stand out to the REO bank?