The only stumbling block I see is rehabbing the occupied units to get the value up. have not figured that out yet.

Mainly cosmetic stuff and a few items that will help with long term Capex (some roof fixes, added gutters to the property and had a couple of the basement windows blocked off and sealed to prevent future seepage).

Mainly cosmetic stuff and a few items that will help with long term Capex (some roof fixes, added gutters to the property and had a couple of the basement windows blocked off and sealed to prevent future seepage).

Purchase price: $118,000 Cash invested: $15,000Cinder block FSBO house in Clayton, NC sold cheaply, we flipped and rented it!

For a 1/1 they run about 65-75 a night, but are a bit nicer and just two blocks away.

They can often tell you the difference it can make buying properties just a block or two apart, and Baltimore City DOES change by the block.If you know for sure you want to make the jump, start looking at properties with them.

I would suggests researching at a block by block level to gain a better understanding of the neighborhood. 

The only areas to truly flip are in the Hurricane/Teays Valley area, certain parts of Huntington/Charleston (very few parts but a couple blocks it can be done.)

If you have to go a few miles away to find good comps, it’s better than using bad comps just because they’re on the same block.

I'm asking because I assume that if we record it, that would put an official mortgage on the house, which could block me from pulling any equity from the house, if I ever want to use it to purchase a third house.