You can go either direction, but may be driven by availability in your chosen market.

It was a painful experience to have this totally unexpected attack on my character and competency on a day when I could have chosen to be enjoying my family out on the lake.

I am thankful for all those members on BP who rely upon me and choose/have chosen to work with me in their desire to find a good income property or a potential flip.  

Most landlords do not allow subletting because they have not screened the person you have chosen to sublet to.

FAST FORWARD 10 YEARS.. 2027...the 2 'buy and hold' single family homes you bought will have more than doubled in value and your carefully chosen SMALL local in your backyard commercial project will be a successful part of the community and YOUR business relationships will have introduced you TO SO MANY MORE OPPORTUNITIES.Knowing this... which path will give YOU AND YOUR FAMILY the best quality of life and really get you to the best place in 2027?

Have you chosen a lender you want to work with already?

Narrow your goal so you can become very comfortable with the niche you have chosen.   

Prior owner had chosen to fight back the City via lawyers and for years had been putting just band aids using handyman off craigslist, instead of fixing these issues using licensed contractors. 

With these cases you need to close on the property and then use Transactional Funding to close and re-sell it to your buyer the same day at the same title company.One issue you may encounter is that the title company the REO asset manager has chosen may not allow same day back to back closings using transactional funding.

Spend all day on the phone with your markets, and you'll probably gravitate toward one market in particular.Book a flight to your chosen market and schedule in-person meetings.