I have only flipped 3 houses so far with varying hours dedicated to each...My first flip I ended up doing the interior painting, exterior painting, hardwood flooring and the kitchen tile backsplash and some miscellaneous punch list items.

You can certainly roll your existing old plan(s) over as well as any traditional IRA's.Be careful not to commingle (i.e. share) funds between your before tax and after tax investments.

As items are cleared, they are removed as a condition to get the loan.

The second reason is unlike most note buyers I am also a rehabber and rather than selling a property like a traditional REO at the end of the game I know how to maximize my return on the sale.

What I would ultimately love to setup would be a seller carry back deal where I put the money I do have as my down payment, get the rest from the seller as a second, and finance the majority of it through a tradition institution.

You may have to start out with more of a traditional hard money loan, but you can find people willing to lend for short time frames for interest and points.

If you pay the contractor for this service, you can tell him you need the costs itemized by scope.

I'm not going to pretend that it is what I've been doing here, I personally decided to focus on buy and hold in a more numbers friendly market back home in FL, but if that many houses are selling for a premium then it seems that if you can find any of the deals that aren't going through the more traditional sources you'd have a good potential for profit.

I'm looking to purchase rental properties, and I recently spoke with a family member who told me that traditional financing for non-owner occupied properties is very difficult in my area (NW Indiana).

Because that's what America does, it's a tradition..you almost feel like a loser if someone asks your parents what you are doing and you are not in school.