Expect to work at least 60+ hours a week for the first year and make little to nothing for 6-12 months.You dont want to risk making mistakes due to inexperience or lack of knowledge by starting out on your own.

Not sure they do that on all properties, but I've seen it done. 

Called the seller while he was in the dentist office.

Annual dues are less than $200.  

Yes its a total of 200k (added from cash on cash 8x4=32k) and return at end of sale of 68K so a total of 100k return or 2x equity multiple. 

Are you the only one on title or is the contractor on title too?

Quote from @Cory King: Hi @Bill GrenierThe amount of structures can have an impact on financing but there are options out there.

Great cash flow on this one!

Purchase price: $28,500 Cash invested: $178,000 Sale price: $250,000 Bought a 3 unit riddled with drugs or prostitutes from the city at the tax auction, spent a year gutting and consolidating all three units in two structures to a single-family home with an exterior side entry garage.

Replied to a for sale by owner sign.