This would let you rent out the house for the next 3 years if you wanted and still get to take the gain.  

John,  I’ve had friends move out of the Cahokia market because they couldn’t find good property management.

Now of course there are still deals to be had out there, I am not saying that, but its a lot harder to find those deals today than five years ago when everything was a deal due to low interest rates.We are always buying but this is my business, so we have a team etc. to manage it.

I took out a HELCO on my primary - I understand not cash flowing - could have taken out a lot more but only took 50%. 

@Jonathan Greene Thank you for that, I will seek out a meet up in my local area.

I am a private lender here in Atlanta.

Should you decide to do this full time and do more than 1 flip at a time, private lending and fix&flip loans will be the way to go.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I am here to learn more about my own personal investments as well as seeking out learning opportunities from like-minded individuals.

With that said, unless you know the agent's abailities, do not go out more than 45 days.