Income generating) properties are appraised and valued, they are done on the concept of an income valuation.

While generating leads for buying and holding here in South Florida I always run across vacant properties that are bank owned but are not on the market.

I figure that it might be "easier" to get into these properties as they are not generating any income and are only accruing expenses for someone.

I really appreciate the time that has been taken to reply to my first posts.I'm wondering if I'm looking to generate 15-25k of profit on my first flip on the greater Nashville area, what type of fixes/upgrades am I looking for and what should I avoid?  

Do you think one can generate positive cash flow from renting it out?

You mentioned building credit, that and steady verifiable employment are important if you plan on using bank financing. 

I have clients that own 1 to 5 vacation rentals here on Mau i and once you hit that threshold of 5 you may be put into a commercial status (5+ units), so qualifying can be a bit more difficult, looking at such things as:What has that person owned and what has been their management experience collecting rent and managing propertiesThe borrower's credit score, income and personal and business tax returns will be considered along with two years' operating statements and a current rent roll for the property.Also important are property metrics, such as: Net operating income: The annual income, minus expenses that a property generates from its operationsDebt service coverage: Measure of cash flow relative to debt payment obligationsLoan-to-value (LTV) ratio: A measure of the loan amount relative to the value of the propertyThe property has to service its debt at a comfortable marginOf course each lender can be a bit different, so it's good to shop around if needed.I hope that helps.BTW - what do you consider big money?  

Since each solo 401k participant can borrow up to 50% of their respective solo 401k balance not to exceed $50,000, if your husband is also self employed and has funds that he can transfer to the solo 401k, he can also borrow from the solo 401k.

She's a third-generation note investor, done it exclusively all her life.  

@earl hoyowardHi EarlI was taught that your personal life should have as little debt as possible and that your businesses should carry the debt because you will be generating revenue to pay the debt.