Thanks for reading, look forward to hearing feedback! 

This is clarification I was looking for. 

I don't think our detroit land bank sale properties with tax liens I would have to look into that. 

Hi Robert, I always look at the rehab and deciding what I can do vs the opportunity cost of spending my time elsewhere.

Long story short, the simplest way to look at this is to add a 0.5% or 0.55% to your FHA rate and then compare that to a Conventional option (note rate + PMI rate) priced with 1.75 discount points.

I am looking to connect with local investors and will be looking to make my first investment soon as well.

Looks to be enough room to make money but just be sure you're very confident in the comps in the area the property is in. 

Feel free to call my office and speak with me if you want to look deeper. 

As I dive into all the different paths I can take (single family vs multi-family, short term vs long term, cash flow vs appreciation, local vs out of state, etc..) my mind is scrambling and I've ended up doing nothing at all.I'm looking to join a mastermind that meets consistently and can really motivate one another to take our businesses to the next level. 

We want to sell and I am starting to look into how I can save the most money tax wise.