I am forced to rent.. and there is slim pickins in my area (good market if can find affordable enough places)..

I also invest in NW IN (Whole sellers add me) but I feel your pain it's been slim pickings on the MLS lately.

If your marketing dollars are slim & you're going to try & hustle to get someone to let you lock their house under contract at a significant discount, you're going to make 100 offers.

To get it flip worthy, I would need to allocate a total of $20,000 and that is slim for holding costs.

It is a very slim chance of this ever working.

The chances are slim but do you have the funds to cash out the lender if they do call the loan due.

You can also google search / call up some local property management companies to get an idea of what they run as a cost structure.I would say the deal looks very slim.

Now I've been doing some looking, I do see some potential here but it is very slim.

Most investors favor CF rather than equity build up.The advice is get a mortgage as long as you can (30+years) so you can have a few more hundred dollars in CF.This neglects the fact that you pay more than three times the amount of interests on a 30 yr loan rather than 15 yr over their respective life.On a 15 yr, you build up equity (=wealth) quite fast, which is a cushion in case something goes wrong.Paying a 30 yr faster is not equivalent to a 15 as the portion of interest on your main payment will always be higher.Investing for equity build up is not as 'flashy' as for CF since you need to live with slim to none CF.However you actually build wealth faster, hence that is my decision.I wanted to start this topic to see if others invest like me as we seam to be the minority.

You might have a slim chance if you ask for a HML loan for 190K and put the rehab on credit cards.