Working in 95682 & placerville

[Arthur Kendall]

I am looking to try to acquire a property in 95682 area code.  I would like to rehab this and exit out.  We are not talking about a cheap prospect, but I would like some experience in this arena.  I am looking for some sage, tried and true, advice when working with higher dollar properties.  This is a FannieMay HomePath property - I am not familiar with this program - but I understand investor/home owner helpful. 

My exit will be lease/option strategy.  I really appreciate any information/guidance.  Thank You