I am looking to start a local group for Cedar Rapids and will let you know details when that happens.

Thanks you for your response, ok i guess I wasnt too clear or detail regarding my goal in this goal of mine. 

(BRRRR) I guess more details are needed to give you more guidance and ideas on your next move.  

I would love to go into details on how to estimate costs of putting work into it (materials, getting to know contractors, etc) to make an informed decision when purchasing a property up front.

I do have my own spreadsheet that I use for detailed flips & rehabs. 

Put something in writing detailing all the improvements he has done that states the improvements stay in the property when he leaves and he will not receive future compensation for said improvements.4.

If you have questions about how to find a good PM and what to ask them, I wrote a blog post with some of the details you'll want to look at, you can find it on my profile. 

Best of luck, and feel free to PM me if you have more specific follow-up questions or details to share.

. :) Without going into too much detail on the tax code, we know that 1)  less than 7 days or less and 2) 30 days or less are two of the 6 exceptions to rental activity provided for passive activity purpose.

Does anyone know the details of bidding towards a 2nd mortgage of a home?