Quote from @Michael Belz: Now, I have two options: I could fix and flip it with an estimated $200K rehab for an ARV (After Repair Value) of $825K, having purchased it for $465K. 

Quote from @Michael Dumler: @Michele S., as a licensed real estate agent who focuses predominantly on rent-by-the-room acquisition, the majority of my clients finance their deals either conventional, DSCR, or cash.

Quote from @Michael Baum: Hey @Danny Van, did you call the city?

@Michael Baum, my cleaner now charges $175 for the full monty, will talk to her & see what will charge for basic clean /refresh ? 

Quote from @Steve Holt: @Michael Baum Sure feel like an early adopter!

Quote from @Michael Baum:The bottom line is that you should chat with an attorney about all of this and see what they advise.

Quote from @Kristin Solbach: @Michael Baum, I did like the area too and had a good time there.

@Michael Smythe speaking as both someone who owns rental properties that we self-manage, and a manager for other owners, I think' you'd have a tough time going after the property management company. 

Quote from @Michael Smythe: @Marcus Gonzalez you'll need a general contractor with accurate numbers.With no experience, you'll probably need 25-30% down for a spec home construction loan. 

Do your research and price appropriately to your market and your competitors.I agree with Michael Baum.My 2 cents,Mike