My suggestion to any one that are first time real estate investor in fix & flip, or planning to hold property for rentals, is to learn or read, understand about real estate financing first, build your assets and network or partner withsome has completed some projects in fix & flip and has some rental properties with positive cash flow within your immediate area before dving in to any project by youyrself.

If you do decide on an area, please go visit and spend time in that area and get to really know it and the team you plan on working with before investing into it.

What’s the plan?

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

ESP if you are planning to lowball, an agent might be more reasonable to discuss with (seller might get emotional and offended with your offer).

I plan to be here often but have been listening to the bigger pockets podcast for the last year now, and have consistently been saving to make my first investment this year.

The plans will probably be developed while the government plans, carries out, or coerces, clean up, and puts liens on the properties being cleaned up. 

The plan is to transition into a new home in 2025 or 2026 while converting this property into a long-term rental.

I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area)  It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.

Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income.