Agreed, or it takes a lot of time and rising rents.

Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.

First Solar has been developing most of the projects there, about 500MW, worth over $500M, so far with more coming on line soon.

Or you could end up spending more time than just doing the work yourself. 

And that's before factoring in competition from seasoned investors who often have the cash reserves to avoid these costs entirely—allowing them to outbid you and still make a solid profit.If you don’t have significant cash reserves or can’t find a true off-market diamond in the rough, I wouldn’t recommend flipping as your first real estate strategy in Boston.

You probably need to pocket 20%-30% of the upside over the first three years to make this make sense.  

I'm in Rogers Park, Chicago. I have several people interested in being my roommate. So far, I have two people who seem they could good tenants. I did find them on Craigslist though.My mom has one property in Romeovill...

My first piece of advice would be to always be networking with other wholesalers/investors both online and offline.

When it’s time to renew we probably won’t because of this exact scenario.

Purchase price: $190,000 Cash invested: $68,829 Sale price: $299,633This was my husbands and my first ever flip.