Jill & Gary Complete Rehab # 80

I haven't posted in a while because I've been busy speaking at Real Estate Events all over the southeast.
Jill & I have competed rehab #80; it was a 2 bedroom, 1.5 bath, 1 car garage with 1142 sq. ft. of living area under central air conditioning. It was a bank foreclosure that was listed at 49,900; then dropped to 44,900 ... after several weeks of back & forth, settled at 30,000. Had a New Roof Install at a cost of 5,500. Updated the kitchen by spraying the existing cabinets & re-glazing the counters because it had nice 16" ceramic tile in the kitchen & laminate in the living & dining rooms. New Appliances, Vanities, Toilets, Paint, inside & out.
Had it for sale at 56,900 & had a cash offer at 52,000.
So we accepted, wrote the contract & the buyer gave us a 20,000 EMD ... Great ... then when I went to set the closing date, he informed us we had to wait until the 1st week of January for the cash balance, oh well ... we still are making about 12,000.