We just put in the bid - $203,000 - that's $165,000 for the house, $25,000 for repairs, $15,000 for closing costs/etc - and we'll put $5,000 to pay the fees and such, the seller does the rest. All conditional on the house passing inspection, etc.
This - is doable with my income. The question is: will the seller go for it? Evidently, they got a bid, and since the house is unlivable right now (without that kitchen), they're probably bidding low - but an outright buy, so its easier.
It boils down to the seller either just taking the money and running with it, or waiting 45 days to make quite more. Now we just wait and see.