You can see why posting to any thread tax related unless you're a  professional who only recommends getting a professional and/or only has a pompous remark is all you get for trying to help.  

I was going to use a 203k loan.I want to share my story, because what ive learned in two weeks is pretty remarkable.

I recently heard a remarkable story of a wholesaler claiming they picked up a house for 32,000 and then turned around and flipped it to a contractor for 54,000 within a span of 10 days.The story is true; which leads me to my question-how exactly do you get someone to sell you their house for half of what its apparently worth?

There are 2 BR units within 10 houses away that rent for $600-700This property is also in a flood zone, it is in the firm remarks so $2500 for flood insurance, not only that but your basement is stressed from the various floods over the yearsprobably $2200 for insurance if you live there, and higher if you don't2017 Taxes are $3701, 2018 will be higher as 3 families assessed values in Worcester went up 9% on averagekeep in mind that when this place is "fixed up" the market value will be about $310k as there are 4500 of these in the city and this is on a 3810 SF lot in a RG5 Zone which requires 5000 SF so it will be hard to ReFi out of whatever hard money you use.Let me know if you want a tour of Worcester before you spend too much time running numbers.

Ignore condescending and insulting remarks from people in this thread.

A friend remarked how he saw my investment success as a model he wanted to follow.

I'll second @Patti Robertson remarks.

Not sure what a good number would be and a little confused as to remarks such as nothing as positive cash flow which is in direct contradiction to what Brandon purports for BP.

Not sure what a good number would be and a little confused as to remarks such as nothing as positive cash flow which is in direct contradiction to what Brandon purports for BP.

Also cant forget the man named Merlyn that almost lost his gold hooped earring while flailing his short arms due to a remarkably low offer that I nervously spoke aloud In his dimly lit floorless living room.