Which lead me to this...I, and I'm sure many others came to this site and were inundated with the plethora of information available.

It also makes it easier because of me working for a management company and I can bring the properties I bring in under that umbrella.

Also, in MD, we discovered many properties with water problems with underground springs, runoff, low-lying areas, and yards had yard drains that pumped water out when they were inundated. 

That’s correct, certifying the fourth house won’t happen without an act of Congress.My first property in under contract, but I’ll be owner occupying (and managing).  

Will they allow you to rehab a foundation under streamline, if it still comes in under $35k?

I was wondering if you would be able to tell me if your numbers come in under 50%.

We have lenders who can close in under 10 days.

The locations I've chosen are ideal for getting to work in under a half hour with traffic so I'm not planning on moving to the sticks where good deals may be easier to find :)I've been using the BP rental calculator to help so here it goes:Purchase Price: $80kRental Income: $1,200Rehab: $0Taxes: $1kDownPayment: $8kLoan Amount: $72kRate: 4%Term: 30 yr, fixedUtilities: $0 (renter will pay)Insurance: $125Vacancy: 7%Repairs: 10%CapEx: 10%Property Management: 10% (will manage myself but that could change one day)**Monthly Expense: ˜$1000**Monthly Cashflow: ˜$200COCROI: 18% (would have to be recalculated for any improvements I make to the home)Would love to hear if there are any numbers/details I'm not including!

Yes, you could move a tenant in under the context of pre-paid rent and then the tenant could request a refund of the pre-paid rent and you would be lawfully required to refund the pre-paid rent.

Assuming you could do it in under 2 months it would be doable as long as it does not interfere with doing more profitable flips.