if you need say "20k" worth of renovation work you are going to pay 35k to get the work done thru the 203k process.So when considering 203k ask lots of questions, especially about costs and be comfortable with paying extra and jumping thru endless hoops.

Endless possibilities, also suggest to network with other investors on BP and local Real estate investor groups or REIA.

And in a way, Dion's statement above about that being pie in the sky to want to help them, in reality, the majority don't want the help, have been conditioned by the originating bank to NOT do anything besides send out endless form letters, and the borrowers take advantage of it.Logan brings up a good analogy they are like cars.

Cindy, There are endless reasons why a property has been stalled.

There seems to be an endless stream of renters and not nearly enough homes. 

.), and your DP is minimal...then yeah--200-300 cashflow might be OK (but, you'll need to run your CoC numbers to know for sure).But if the property is C or D class, in a C or D neighborhood, and the tenants will cause you endless headaches, and the property requires rehab and/or has looming capex, etc....then, no, $200-300 may not be worth the hassle.There are properties that I know would cashflow THOUSANDS per month, but I wouldn't touch them with a ten foot pole because I know that the headaches the property and tenants would produce just aren't worth the money...Also, you mentioned that you think higher rents and appreciation are in the future for this neighborhood...if your plan DEPENDS on higher rents/appreciation in the future, you're not investing, you're speculating.

I am also a gc, and log cabins are endless maintenance.

The possibilities are endless for you my friend!

You need a lawyer that will do everything in his power to expedite things - not postpone them for endless months.This is about the most ridiculous thing I've ever heard!

Endless amounts of blogs and conversations full of great info.