Separate issue though...unless there a way to argue with the lender that flood insurance is not needed...fat chance i assume.Any thoughts? 

to loan 100% no PG and such that would be highly risky.. some lenders will force you to sign a DIL at closing that they hold .. then if the loan goes belly up they just record it and don't have to do the full Maryann foreclosure.. 

Do focus on making a fat list of properties, make a list of the UGLIEST houses on the block.

John,I am new here at BP but pass through Concord all the time traveling from Hillsboro to Portsmouth almost Daily.Would love to meet up and chew the fat if you are interested.Let me know.Stephen

@Jamison HaussmanOK, so here's what I know about the market in Honolulu...a big fat nothing.I suspect that's sadly among the more insightful responses you're likely to get in this thread.

But the hardest thing to do is sell to an end buyer/occupant, even at a fat discount, when there are still updates to be made -- hell, you are an RE agent, I don't need to tell you.So maybe find a local rehabber that has some crews he needs to put to work for 3-4 weeks and price it out. 

Sounds like a big fat mess! 

Yes, there's broke college girls on there looking for a guy to pay her regularly, but, there are also business women, doctors, etc, who also realize the need to trim the fat.

Lost 8 pounds of fat and only 1 pound of lean body mass in the process.

I would love to see the stats on how many people buy over 32 units on their very first deal and ultimately go belly up .