If the numbers work and the market sets the price then a 500k investment for a 2 br/1 then so be it.I agree that location, weather, land availability, and jobs(salaries) all play a roll in the cost of a house.Do I think its crazy to pay that much....you bet.

Pretty sure both those first choices are loan fraud, unless everything is disclosed to the lender and the lender agrees.A rehab loan or hard money loan with a rate-and-term refi is your best bet, IMHO.

However, my bet is that ten to fifteen years from now these may very well turn into high-density section-8 tenements.

I'll bet all five of these houses are sucking several hundred apiece out of your pocket.

You're losing money every day you hold it because of the monthly loss.What you're betting on is appreciation.

Your best bet is just start putting in offers and see what happens.

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.

(Makes me feel claustrophobic just thinking about it :badwords: )I'm betting the septic system is going to cost a bundle with all the new regulations around here...

Your best bet is to review a self storage rental agreement, and work from that.

Are you betting on appreciation?