The purchase price will be 160k and the homes renovated value is between 210-220k. (4bd 2.5ba on 5 acres inside city limits)My question is, should i do minimum repairs and rent the home out for around 1500mo (pay the morgage) or flip the home.

Besides my secular job I am a also the Pastor of the Truth Church in Edgerton, KS.I have a limited background in real estate investing but I have bought 3 single family homes in my life and one of those I had a renter for a couple years before selling for a profit.

A personal home is a life style choice.

Really, not just limited to basements, but any room or apartment that has another floor above.

Im just not sure what the guidelines are for posting if it is limited to questions only.

I have been researching for the past 1 1/2 years and with over 10 years of lifestyle spending on luxury car, buying house in the market peak, buying electronics and other DOODADS (as it is popularly called), I was getting anxious why I was not moving forward.Eventually I understood that (like u said) my goals/objectives were not upfront (and in WRITING).

Hi there, my name is Marc, I from Canada and live in Playa Del Carmen, Mexico since 2002, leaving the Caribbean life style!

I used my wifes full time job (since i currently have a full time job in a business that is either limited or non existant there) anyway .....

Lately, my strategy to overcome some of these limitations has been to start working on REI at 4am as I am the most focused anytime before Noon.

In many of the more open areas of the burbs, this is impossible, as many comps do not exist in such a limited time period and such a down market, yet the lenders do not want to hear it.