Well after 5 counter offers and 2 Contract amendments, I got an offer accepted today. Its a 3 bed 1 ba house in need of lots of TLC. A few problems with the house. It has alot of unpermitted work but thats ok. We negotiated a low price down to 235K. This home is located across the street from a housing development of homes that were selling for close to $1MM a few years ago. Even with the housing crash the homes are down to 600K so thats what I'm competing with. This home is on a 1/2 acre lot. I already have a buyer to assign it to, so its just a matter of closing escrow now. He plans to demolish all the unpermitted work and upgrade the home to a 4/2 2 car garage. Purchase price $235K, Repairs and escrow fees $80-90k. Sell for 450K-500K. Comps on other homes on this side of the street are in the low $500s. Potential profit $125K.