My first UGLY house!! Power of Sale, kept offering a low ball amount till bank accepted! only required 5% down THANK GOD! so I put a loan on my car and got a room mate to pay first and last month’s rent that’s how I got my down payment together!
With two room mates I was living rent free, so I took what I should have been paying in rent and put it into the house, new bathroom, new furnace, new windows, rebuild the rear sitting room, rebuild rear deck and painted it.
In the end after living there for 6 years I sold if for a nice tax free profit.