Hi @Sarah Cheong I attended an investment meet up for women and there were a couple of women who had taken classes from the Wealth Club if I'm not mistaken on the name of the club; however they felt that they could have used the money that they paid for the classes to go toward investing in real estate.

Its been a while since I've searched it but the FHA / HUD website used to have 203K approved contractors, if I'm not mistaken.... as I said its been a while.

Dustin Verley, I could be mistaken, but sounds like the profit was the difference between his purchase price and final sale price less principal paid over the life of the land contract. 

You friend is mistaken. 

I would just say that you intend to enforce that same policy if she assumed otherwise she is mistaken and needs to find a smoking apartment.

So by living there yourself for a few years, you have guaranteed that your place will have a great 'tenant' (you) for those few years, greatly limiting the amount of repairs needed.Third, some states have homestead laws and if I'm not mistaken Texas is one of them, where in a worst case scenario it is difficult for creditors to come after your primary residence in a worst case scenario if you get into financial trouble.Fourth, from a pure simplistic financial aspect it doesn't matter. 

if I am not mistaken you would have to be licensed to manage other people's property and get compensated for it.

If I'm not mistaken, Bass Pro is the ONLY store in the entire mall, or one of very few.

However, they can recall the payment if in fact it was mistakenly paid after the abatement date and require the PM to pay it back to housing.

If I'm not mistaken, you can get what seems like quite enough for a 100k property for rehab with a 203k loan.