Buy the house you want to F&F for cash keeping the money aside for repair.

This is without accounting for repairs, vacancy or a PM.

One of my buildings had $4,000 in repairs before I bought it and I told the seller that they needed to handle it (fully expecting them to only do half and leave half for me).

So the longer she stays, the longer i have before i need to go repair it all.

I was envisioning searching out inexpensive properties, travelling to them, staying in the area until repairs and renos were complete, selling or renting, then moving on to another property.Any information or ideas on how we could accomplish this vision would be greatly appreciated.Thank you.John

Some of the shingles were actually in need of repair, so our contractors had to remove and replace them or reinforce them. 

Is the loan to value based off the as is price or the after repair value?

Should I go with a credit repair person to take care of it being as tho they are more eqipped with the knowledge to negotiate better?

Here are my numbers as it sits:Income:$2600Expenses:$650 - (vacancy, repairs, cap ex, management)$250- taxes and insurance$180- owner paid utilities$300 - my cash flowTOTAL: $1380Left to pay monthly mortgage: $1220So given these numbers I can still get this thing to cash flow, and if for some magical reason I could ever get the city to change the rental license back to save the integrity of the property, this would be a home run! 

@Eugene Rogachevsky What do you believe the after repair value would be?