Buyers get spooked easily, plus every year the process gets more complicated with financing, appraisal and inspection issues (which can vary from lender to lender) that could be easily overcome threatening to crash deals without someone experienced in there herding all the "cats" (lol- elements) in the deal to a successful close of escrow.Also most of those comps you are seeing-maybe even all of them- have had a commission and some fees paid by the seller, and the appraisors are aware of that.I hope your home sale goes smoothly.

This would be 2 days before he announced in his June 20th email (which I believe you have) that he was suspending payments to hundreds of investors because of financial problems.He did not disclose anywhere in the webinar (48 hours before the email) the difficulties that his business was experiencing which was laid out in the email 2 days later.

You can use an experienced property manager to help run it from afar and still make money.We do it out here in AZ but there are other markets as well.

It would help us to understand the attainability of your goal if you would mention how many flips you have under your belt already.Assuming you are experienced, then I'd say move forward, full speed ahead--you can do it.If you are inexperienced, I would respectfully suggest you change from a $$$-oriented goal to a ### of transactions goal.Why?

Only way I would do it is if I am able to work with a PM that is experienced with effectively managing Section 8 tenants.

Gabe, I would contact an experienced investment loan broker who can help you compare terms across a wide variety of vetted lenders and their platforms. 

I am assembling an experienced team.

I want to give Steve a notice to vacate but am looking for more experienced input as this is my first Rent by the room eviction.

We want to make it for both experienced and those without.

I recommend working with an experienced broker who can shop multiple investors for you.