So unfortunately, Jordan and I had to let the house go that we had put an offer on. The list was for $250,000 which was our offer but to get the house where it needed to be would have been about $90,000 in renovations (with a LOT of sweat equity). After doing an appraisal, we found out that it would only add about $20,000 worth of market value.
We didn't think it would be 100% of the reno, but it needed to be at least 50% to make it worthwhile.
So...we move on.
Jordan has two houses lined up for us to look at on Sunday.