Live there for a year while you fix it up.

My friend knows just about every contractor within 2 hours of us and can likely fix small problems that come up.

Purchase price: $76,000 Cash invested: $25,000 Bought a foreclosure to fix and rent.

I mention this as I have seen some people want to sue companies because they were a sponsored affiliate on a website…Regarding the original post- expect 10-12% (I think latest I saw is avg is 11.5%) rate plus atleast one point for a 12 month loan.Bigger companies may take longer for approval and can be more flexible usually in down payment amounts.

People don't realize the amount of wealth that is flowing to Miami.

I just refinanced my 3.875 30 year to a 30 year fixed.

I'm no appraiser but have plenty of fix and flips as well as new construction but IMO, it will be existing home. 

Since it's new construction, I hand the construction manager the full report and make sure they fix EVERY issue.

There are no easy fixes.  

Little did I know I was going to stumble across some books mentioning bigger pockets, start listening to their podcast, and make a post saying this house is now going to be a fix and flip!