I can say without a doubt that this flood brought a lot of us back to knowing what it is to help and care for our neighbors.Stay strong - we will all be stronger on the other side of this situation!

While this deal is closing I'm looking at a duplex for sale at 26k (One bed, One bath each side).

My background in real estate is more on the loan side thanks to my job however I own my own residence.

It is a 2338 sf 2-story home in Converse, TX on the east side of San Antonio.

El Monte is one of the hot spots for flipping right now, a person I know bought and sold 3 this year and is beginning his 4th in west covina. 400k ARVs.

203k is appealing and can make magic happen, but in hot markets (LA in the summer...) the house and the situation of the seller really needs to be a perfect match.In general you don't go find a house to 203k, you go look for any old house, coincidentally find a house that happens to coincidentally be a perfect fit for 203k, and then you start talking about 203k stuff.Typical characteristics:Too crummy for cosmetic flipper types to want.Seller more motivated by sales price than by closing quickly. 

Speaking from experience on both sides I would advise this.

Thanks Julie Nearing and others, I'm not an agent and will be listing it with a half percent realtor, but offer 3% to the buyer side.

I [thought] I did my homework carefully; experienced Borrower in a very hot market with a low ARV.

I could have located on the North Side far more cheaply, but it looked cheap and was once a housing project.Look for amenities that other rentals can't offer.