Account ClosedAmazing isn't it that something like section 1031 of the IRS code would get so little press.  

I have no doubt you will meet you goals in 10years.Keep pressing on.

However -- there are some places where there are literally *no* properties on the market that are priced correctly (particularly the east bench: Sugarhouse, Holladay, increasingly Cottonwood Heights).

It is better to get you some experience and make some progress than sit on the bench.  

Doing so will help give you a reputation as a flipper who can be trusted to provide quality homes.Good luck and keep pressing forward.

I want to get the following work done on my master bathroom: Tearing out old bathtub and wall tiles in bath tub areaTear out ceramic tile floorsPaint vanity and install new countertop New fixturesFrame walk in shower where the tub wasFrame bench inside showerbuild trench draininstall recessed lighting in showertile shower up to ceiling and mosaic trimInstall shower glasstile bathroom floorinstall new base boardsinstall new door

The terms @ 6.75% and 30yr fixed are very good.I think the more pressing issue is the inadequate funds needed for proper repairs.I am a believer in creating a formula that works for you.

If any Lender presses the issue, request for the Lender to send in document form a directive that states that a Buyer can not be a corp., esspecially in a contract where they are not a party.

@Guillaume Fortina As @Brie Schmidt points out, you will very hard pressed to find a buy/hold investment in the neighborhood that you mentioned that even cash flows (at all) right now, assuming you are using debt.

If you don't have any proof of the condition of the home before the tenant moved in, you'll be hard pressed to even hold on to the deposit for damages.