I left that market due to excessive vacancies (circa 2005).

The market is still in the process of absorbing this excess housing stock in the form of rehabs.Many of these buildings are vintage 1890 - 1910 when Andrew Carnegie was rapidly expanding the local steel industry.

Please also verify the accuracy of this information at the time you are considering these options as guidelines change.price Decorating allowancesRepair allowancesMoving costsNote—a dollar for dollar sales price reduction is also required for - Excess rent credit and gift funds not meeting FHA requirements Contributions exceeding the actual cost of prepaid expenses, discount points and other financing concessions Credit Requirements Required is 600.

This becomes even more important in areas with a lot of excess housing stock, like Detroit.

After the first 10% any excess maybe split 50/50 or some other ratio.As in anything plan it out.  

Little excessive for my small time start.

The excess is meant to cover typical family needs, such as food, transportation and so forth and is referred to as residual income.

This seems excessive to me...

I agree this will make scaling much more difficult.If this is the case maybe I should look into getting a separate loan for the excess 10-15% of the down payment.Unfortunately, no I have not spoken to lenders yet - it is something I definitely plan to do soon.

I'm just not feeling confident right now investing in the Treasure Valley seeing prices that seem excessive, but still gone in a week.Hoping to hear from people who have much more experience than me.