This house doesn't quite scream flip since the reno is extensive and the ARV isn't super impressive. 

I've gotten different suggestions: either conduct a basic remodel of the kitchen and bathroom, or undertake an extensive gut and remodel and convert the kitchen + living room to one large open space (that came from one of the GC's who does flips in the area). 

Temporary i extended the pipe with a extension so it lands on grass, but it then blocks parking to side of house. 

I've heard of Fannie & Freddie on some forums and some BP podcasts but never really dug into or heard extensively about Fannie Mae properties.

Also ask for an extension to pay if you actually reach a person by saying you  are currently out of the state.

Depending how extensive the fire was, it will probably need all the major stuff like wiring, plumbing above the slab, a/c, flooring, some framing, roof, sheetrock, etc.

Also I've dealt with Blackhawk pretty extensively and they've always been very real estate friendly! 

I've researched BP extensively and found some to suggest that I should be weary of this sort of deed.

Gary Clisele Also if your buying a note for $5k the quality of the asset will be very poor and is most likely a property in a D area that needs extensive repairs -If you end up taking the property back it will probably be a loser since the rehab will be higher than the property is worth

Hey Everyone,I am new to investing, having only done some extensive research, yet haven't yet made the jump.