You shouldn't make a purchase decision based on any of it.Spend time building a relationship with your seller....thats probably the easiest way to avoid unnecessary wheel spinning!

Hello, I am a first time homebuyer looking to finance with either a 203k loan or standard FHA loan I have pretty decent credit but not enough cash down payment for conventional loan which is why I'm going the FHA route..my goal after I receive my preapproval is to buy a foreclosed fixer upper in the price range of 60k-80k(either duplex or single family) and use the 203k to add value i.e add rooms upgrade kitchen etc then after a year of primary residency (required for FHA loans) I plan to rent out the other half (if duplex style) and hopefully create some kind of positive  cash flow after expenses etc.

I resently found a book on her night stand that is almost half way finished it called RICH *****, so I truly believe she is a very determined girl and I think with college or no college she will surpass my husband and I and I hope she does. :)Thank you for your advisewishing you success :)

Just before I moved I purchased one half of a duplex house via an estate sale and flipped it within 30 days.I live outside of Raleigh, NC.

I went to look at it and the rehab was about half what he projected and it would have made for a great deal for me.  

Option 1: Purchase the most house for my money in order to have the most possible equity when the market goes back up and either flip or rent the place using the profit or equity in order to get into a new place (I am somewhat versed in the regulations around using rental income toward purchasing another property and my understanding is that I could count half of the monthly rental price toward my income while the principal of the property still counts toward my debt services ratio) please correct me if I am wrong.

Hopefully this isn't a half hatched plan you guys came up with over a few beers at a bbq.    

Hi Tobe,Unfortunately no, my main area of focus is in the seacoast, so I am wholly unfamiliar with the situation in the western half of the state. 

@Chris BrandonisioThe easiest way to find a serious investor is to find a serious deal.

@Sam LiuI literally had the exact same thing happen to me about a year and a half ago.