Your best bet is to consult with a few contractors to get some bids and go from there. 

I bet he'll pay before auction.

Look for are­as with strong rental demand, affordable prope­rties, and potential for property appre­ciation.

With a good PM who can over see those things, it has the potential to stabilize a bit more then you would otherwise.I hope that helps, happy to jump on a call and discuss if that helps.

We could potentially vet the leads we give you before as well as underwrite the property and find an appraiser so its very streamline for you and my clients. 

I lived off of those commission notes for first half of the 80s.. not always did i have to do that but I bet I stack up 100k or more of those notes and in early 80s that was real money LOL..

I'd bet a $1 another user with no posts says how amazing the program is.

With careful research and property selection, it's possible to find properties with good cash flow potential.

My investment approach required fixers with good value add potential.  

@Michael CaldwellI think the type of transaction is more important than potential tax consequences.