Buy an ugly car that has potential, fix up the interior/exterior, fix any mechanical issues (just like you would a house) and flip it. 

My partner is skilled in plumbing, electrical, dry wall, mechanical, so that helped immensely.

There is a mechanic on the opposite side of the home as well.

Don't know if CI any mechanism to validate.

I have a mechanical engineering degree and an MBS in finance.

Here is the link https://www.boston.gov/departments/new-urban-mechanics/addition-dwelling-unit-pilot

I am looking at an 8 unit property, 10,000sqft,  that is vacant for 12 years. property is in Cleveland, was vandalized and will need everything done - plumbing, roof, electrical , mechanical, windows and of course everything cosmetics.I was hoping to get some insights from anyone who did such a project mostly in regard to cost.Seller is VERY motivated and basically selling it for cents on the dollar, rents in the area can be VERY high and im very confident in the underwriting of the transaction - only thing that is missing for me is the rehab cost.im scheduled to speak with contractors next week that specialized in this kind of projects but wanted to hear personal experiences before.absolutely not looking to get an exact number - just a feel of what should i expect.I figured if I'll send 37.5k per unit(300k rehab budget) I have a really good deal.If I'll spend 20k per unit(200k Rehab budget) or close im knocking the ball out of the park.How far fetched  are those numbers?

Next you have to get the bank to agree to the short sale and all junior lien holders against the title.This could be second mortgages, mechanics liens, etc.Basically at the sellers asking price they are wanting a 6 cap for the property.

Then life catches up with the mechanics, waitresses, cashiers, etc who make up my neighborhood and they default before the year is out. ($700 rent...$100 gas...$100 electric...$75 water...mow the lawn.

I was actually expecting something to be recorded that day from the bank, perhaps not the final deed, but something designating the property as having been foreclosed.It seems to me that until the new Deed is recorded, there is still a potential for a tax, judgement or mechanics lien to be recorded.