@Drew Denham Sometimes the price might be worth the gamble but keep in mind, location....location...location, then what is appealing about the old house, and lastly will the property cash flow after the rehab?  

I overpriced the home initially which caused it to sit on the market longer and foolishly cut some landscape finishes out at the end of the project which hurt my curb appeal.

Perform Curb Appeal Assessment 9.

Profitable rentals on the other hand can be very tough to find in some markets and that makes investing out of your area more appealing. 

Isaac, I would say anything is on the table in terms of what you can offer that will appeal to the seller.

What if I was living in it - I could still appeal the taxes.

The GC who did the last rehab on the house bid around $9k for the rehab, while the referral GC bid $15-18k.Having said that, the original GC's knowledge and experience with house flipping is unknown to me, but the referral GC has 77 successful flips under his belt, with a very prominent real estate investor in town.We are trying to minimize our investment in the rehab, but we also need to create an amazing curb appeal, as well as crispness to the inside of the house.Which general contractor would you choose for the rehab, and if possible please list a few reasons why you would go with that GC over the other.

While I was investigating Arbitration in RE Contracts I came across some legal notes pertaining to whistleblowers and informants, I believe it's covered in Section 599 of the Dodd Frank Act and an option available for years under the SEC.While the whistleblower program is targeting employees of companies encouraging them to come forward about wrong doing, a court of appeal opens the door to anyone who has information of wrongdoing.

After renting house number one for two years my bank will count 75 percent of the rent as income to offset that debt, thus making you more appealing from a debt-to-income standpoint.

My problem is that it has to be very general in nature since it is designed to appeal to a wide audience.