To make money doing a rehab project requires an orchestration of multiple factors of real estate investing.

Obviously, you must have real experience to manage multiple person rental and in nice neighborhoods they really hate this type of rental.

Now I have purchased a house by the skin of my teeth, and for more details about that if someone out there wants to personally write me and maybe school me Id appreciate it very much!

After reading through some of the information and as questions arise, I would recommend that you post your questions on the forum and get multiple perspectives on whatever issue you are looking at.

get comfortable in your own skin first...how?

I am of course biased towards wholesaling, but there are multiple ways to make money with little or no money.Now I would also recommend you take some time and think about what you are wanting to get out of investing long term.

There are multiple types of contingencies.

I skinned my knees quite a bit on the first one, i.e. the electrical infrastructure was 50 amp and not 200 amp that is needed today.

I am pretty new to real estate investing myself, but I am quickly learning that there are multiple ways to invest in real estate regardless of the current market where you live.

Perhaps you are referring to the listing Realtor and not someone who you hired to help you find a home.The problem from a conventional financing standpoint is that you have multiple residences on one legal description which makes this a multi-family property beyond the "normal" 1-4 unit residences acceptable to conventional lenders. 2)What is typically done to avoid making a down-payment and/or paying closing costs.If you are asking specific to this property, there probably is no 100% financing option available so you may have to pass on this one.Generally speaking there are many programs for little or no down-payment and you should be talking to a mortgage lender about what you can afford and qualify for prior to looking at homes.As for closing costs, you may qualify for city or county down-payment assistance programs (which are more typically used for closing costs instead of down-payment).