Both good and bad. sometimes the market can rise during your rehab phase and you get a higher price then anticipated as well. 

I routinely see homes in the Extended phase going for upward of 90% ARV, not including any repairs.  

If you're set on a Homepath property/loan, move fast -- the program will be discontinued as of Oct 6.http://www.mortgageloan.com/fannie-mae-ending-homepath-mortgages-9752It does look like they may be phasing in some good financing for 5-10 multis, which could be interesting.

We have about 6 properties in the rent phase, 1 is through the finance step.  

I'm also in the learning phase right now and I'm plowing through the BP Podcasts.

Note: tell both the Realtor and the property managers up front that you are in the investigation phase and are not “buying” anything on this trip.

I'm at the phase where I want to save up for the next two or three long term holds, and then pay them all off.

Except as otherwise provided in subsection (1) and as set forth below, the lien is effective from and shall relate back to the recording of the original declaration of condominium, or, in the case of lien on a parcel located in a phase condominium, the last to occur of the recording of the original declaration or amendment thereto creating the parcel.

 - Get your plumber and HVAC guys involved during the design phase -- reduces HVAC and plumbing rough-in complexity/cost

Please keep in mind I am in the beginning due-diligence phases.