@Logan Turnerit sounds like property prices dropped like a rock due to the oil bust which, I expect to last for a while.

SFH were dropping like rocks in 2008 when I started and I was not flush with cash. 

I'm actively looking for fix/flips in Round Rock and would love to see your next rehab in progress. 

Account Closed  LOL anyone who things there are work arounds and short cuts for FHA loans has been living under a rock and hopefully my comments will spark some interest to understand that what they propose is not really feasible unless you find that RMLO who wants to wear some stripped cloths.I know a few.. who went that route took the feeds 5 to 7 years but they are now incarcerated. never would listen to me.

rewiring and old house is a pain i'm assuming its plaster and lathe. probably most of the 15k was for labor just to get to the wires, if a guy could trace  where the wires are routed maybe you could get a couple high school or college kids to sawzall out just enough channels so the sparky could refeed wires then cover the whole thing with rock, sometimes it works sometimes it doesnt. a 100 amp service is not alot for three units. 

Several ideas come to mind.Find an investor or two with "bigger pockets" cash wise than you do right now and cut them in on the deal.You offer to handle everything like rehab costs and the actual work of getting it done(dealing with contractors,real estate agent,etc) and just let them use their cash to pay for the initial purchase.An out of state cash investor like me might want to get in on a nice deal like that.Another idea is to wholesale the house for a smaller but,quicker profit.Get it under contract for a rock bottom tasty price and sell it to a bigger pocket investor before the deal closes.There are plenty of hard money lenders if you want the entire potential profit .Make them compete for your business.

Thanks again BP, you guys rock!

We have contacts and capable of operating in North Little Rock AR. as well.   

I'm in Rock Hill just below Charlotte touch base with me if you get a chance this evening.

Hey All,BP rocks!