Hi Everyone, This summer I'd like to buy a single family home in Jacksonville with at least 3 bedrooms and 1.5 bathrooms that are under $100k.

Market rate is nearly double what the tenant is paying now, and I suspect the tenant will choose to leave when that happens. 

I don’t believe it was a VA loan but I’ll have to double check. 

One is a one bedroom and the other three are studio apartments.

Hard to believe that a couple thousand of repairs could double the value, but hey--if so that would indeed be a phenomenal deal. 

It's a new, 3 bedroom,  single family home by D R Horton.

Account ClosedYeah I know. i reached to a friggin attorney that I closed a wholesale double close with thinking that would be a good source of info and he said, Get a license.

The desired design program for each building is as follows: Unit #1 at First Floor and Cellar levels- First floor to contain a small bedroom, a bathroom, Kitchen, and Living Area.

Hey @Robin A Jackson, A loan of 100% LTV at a 10% rate, a 6-18 month term, and I'm assuming no points at closing (you didn't mention any, perhaps double check this with the lender) is a great option.

I’m in the process of buying my first home, I have two strong options one has been on the market for about a year and is a 2 family with 3 beds in each unit listed at 149,900$ also has a finished attic but needs new siding (estimate about 14-18k).The second is also a 2 family listed at 129,900$ one unit has 1 bedroom the other unit is 3bed room home needs no work except garage needs to be rebuilt or knocked down (which I would prefer to rebuild)  which in estimating to be at least 15k.