Just be prepared to have a higher than usual down payment and a shorter term loan.   

Your building may be currently in good condition, and your exit plan is for a three-year or shorter hold, then you can consider that in the recommendation to collect adequate Capital Replacement Reserves.3) Inspections - Include an inspection provision, and most importantly engage a qualified, competent property inspector who can verify the condition of all of the building and equipment you are buying.

They have recently made a resurgence and sink manufactures have begun making new sinks that look like a farm sink but really just have the front and top and they sit in the cabinet, instead of on top of a shorter one.

For the short(er) run, you can remove the tile and lay heavy plywood (3/4" or 1") on top of the existing sub floor - and shim to level.

If I can find a bank which will do a cash out refi inside of 6 months this loop becomes much shorter. 

Use a higher escrow amount and shorter DD period

I guess I was under the impression that since this is a snow bird and tourist state that there were shorter terms.

.- tax lien deals are shorter terms (with 2 or 3 year terms at most), generally speaking a mortgage note could be much longer (with 20 to 30 year mortgages - with cashflow)Doesn't mean they're not worthwhile though!

I'm not sure they will cash flow positively, but you do have high demand in southern cal, so depending on area it may be a good investment for holding for a shorter period of time - say 1-5 years.Without knowing anything else about your situation, such as your true experience in construction, knowledge of surrounding areas, the assets you have available to use or your local team, I would just say that you may be able to do both.Lastly, if a company makes things sound super easy - like you have no work to do as an investor and sit back in your easy chair waiting for the rent check to come in - you need to slow down before buying.  

She wanted to lock in the place while it took 4 days to complete the small rehab.3)The roof was done over the longer 27 years and floor over the shorter period.