If not, improve them...that is where you start, otherwise, here is a thought to consider:Where are you going to live when you move to FL?

An experienced agent will have a much better chance of success, especially if there are multiple mtg.s, liens, etc.

Is it a permit to develop the land, put in the off site improvements (utilities, curb, gutter, sidewalks, etc.).

There are many that feel condos and townhouses are not great for fix and flips for variety of reasons: higher holding costs (hoa), limitations in improvements due to restrictions from hoa, could make you submit insurance, license, etc.

It's your best chance to find your qualified and desired renter in your unique area, and here's why...It was almost painful to read all the good common-sense advice of the folk above given to you without realizing what a unique area La Canada Flintridge is - a peaceful oasis next to an otherwise gang-ridden area that is North East Los Angeles.

It seems, that due to the misguided information that most of the public has on loans, they stand a very little chance of cutting through the noise to the reality.

We take it home, photocopy it, and bring it back the next day as a chance to see how move in is going.

Don't get me wrong, I think there's a small chance that the government doesn't pull its head out of its arse and the system as we know it collapses.

You can get very good deals on these, and vastly improve the look of your place.Depending on budget, I might also recommend a nice window trim and a faux drop ceiling to boot.

You need to ask, What needs to be renovated, how is the economy/job growth in the market, what is the neighborhood like, is a chance to get $7,200 per year worth $40,000, Will you be able to qualify for a refinance before his terms are up?