I am a relative newbie as well compared to many on this site, but I would glad to offer you any advice that I can to help you get started. 

LOL It's still accessible through my site link if you're really interested (rental #5 link)When I say load up the HUD, I don't mean to do anything shady, rather, to include all pre-close costs possible. 

I've been looking at picking up houses through the auction sites (Hubzu, Auction.com, etc) and I know that as the buyer I will be responsible for closing costs.

And ALWAYS follow up.Here are the numbers on the deal:- $108,000 Purchase price- $8400 closing costs- $70,000 Rehab Costs- $2,000 holding costs for two months (estimate is 5 weeks to completion but lets say two months, it wouldn't be so quick but equity partner is full-time GC on-site)- $274,900 ARV (Appraisal completed by bank)- $5,498 Selling Costs- $16,494 RE Commissions.Net Profit = $64,508 about 23.5% profit off of ARV.Now the fun part begins, I'll report back with pictures as we go through this.

My best friend told me about his site (but he's not a member lol).

Hello and welcome to this site Brandon!  

i don't wan to make it complicated for the tenant or me. 

This site is an invaluable source of information.

Does the owner live on-site?

@Joe VilleneuveOffering rent credits is really great to sell properties fast but I have also heard there are legal complications related to that.One thing that i can think of is giving Seller concession instead of rent credit.