Hey all,
This is my 1st post, but I have been following the site for almost year. The information is great, but I've got a question about a potential flip that I can't find any info on.

I am in the Dallas area and t...

If you are not able to pay cash then partner with someone and pay them back after the property has been rehabbed.Now properties are cheap and you can get CASH propeties for 15k-30k in Cash flowing markets and that is where you want to be if you are buying and holding.Many are trying to say that one area is better than another, well I am here to say that if it cash flows $200-$300 a month like I am doing then you are in the right market.

The cash is tied up and you are not able to do much other than wait.

Parts of the team are left but the house finder is not able to help me anymore, I am exploring who is out there who does this that I could use their services to find, rehab and sell the properties. 

I was not able to see first hand how much water actually came in and was sitting in basement as i was out of town.

Also, it has giant gaps.

Are you not able to get a conventional loan, with 20-25% down?

I can see 10k for one on one with complete paperwork and cell phone contacts because of the time (one year) the other person is putting in and the deals they are not able to do with that time.

He also showed me that had contacted several other not-for-profit organizations for help as well as applying for SSDI because he was not able to return to work.

So walk into your CPAs office with a giant list of all the equipment you own for your business, and ask what can be depreciated.