She worked with the rehabbers had an issue with one electrician going to Alaska for 2 week fishing in the middle of the project but over came that.Worked with her designer to do new kitchen baths and paint and floor coverings.. created great curb appeal through some landscaping. all in all about 50k to rehab cash out of pocket.One thing I did do is once we closed I back filled it with my bank line of credit at 1 point and 5.5% and pulled most of my cash back out 2 weeks after we closed... banks can't move quick enough up front.

@Karl McGarvey oh okay, there’s always wade fishing still😉.

I think it offers a lot more options for little fish like me, who thought you have to save and save and save....till the day you can invest...but still mama papa shop bearing all risk by myself.aside from the fact that some of them would require being accredited investor, how people view this type of investment here?

On a more bottom-fishing note, does anyone think their will be some good RE deals on flooded property?

The buyer pool is wonderfully small, and you're the big fish in it.The fact that the former owner saved you half the work should never be mentioned during negotiations.

Perhaps consider going after bigger fish, see if maybe you can properly partner with someone with deeper pockets who will satisfy the active role requirement.

But in my home marketplace...small fish become prey or get disregarded. 

>>  I just looked at what I think is the property in question on Google Maps -- seems somewhat 'fish out of water," plopped right there on a street with nothing else going for it, and the vacant properties don't look like flip material.

That's too small a tract for hunting, and it's not on a lake or river for fishing.

It seems to quickly be on the rise, with the Flying Fish Crafthouse just opening in December and the luxury apartments above them.