This is a situation of purchasing and selling inventory as a business, and would be taxed in the same manner as if you were purchasing t-shirts and reselling them (or vehicles, if you want to get into a higher price point object).

Then refinance the finished product if you can meet the time frame without paying huge extension fees.Since you are paying for points, underwriting/processing, appraisal, title, settlement, stamps, transfer, notary... twice it's going to be expensive.

I also include food stamps and other benefits into an marginal situation.

According to my calculations I should be paying under 100k for this, and they have it listed at 140...so I'm sure their rubber stamp is just itching for that offer to come through..lol..Anyway gotta at least try, right.

I've seen investors do well on them and I've seen them lose their shirt.

I just don't walk around with cash on cash metrics on my shirt, or cash flow goals on my dinner plate.

This city is saturated with SSI and food stamp recipients.

People don’t sue people that qualify for food stamps.

Once the guru stamps it as a good deal, club members (hundreds, thousands) come to you once you post the deal.  

Do you walk around with CoC on your shirt, or as a form of representation when you introduce yourself?