Hi everyone,I'm looking for a solid contractor that has experience in total home renovations/flipping that I can build a relationship with.

The process is very similar to a normal loan and I decided on $50,000 on 2 properties ($100,000 total).

I have been looking at a lot of HUD homes online.

Any tips are highly appreciated as I am a total newbie to this specific area of investing.

Even if you're on the low end of your range one year, your total housing cost is still less than 25% of your income, which is great.

Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.  

Someone with millions of dollars in the bank can sustain a total loss on one investment without it materially changing their life for the worst.

But, I will take 10% off the top as a fee for "lending" him half of the total investment.

I'm pretty sure I could research and find the correct/safe/legal (as you all seem to put it) manner in which to remove/dispose of these potentially hazardous materials along with the right chemical/cleaning agent to pressure wash any meth residue from the structure's skeleton...With all that said, it doesn't seem like much fun and I think I will pass on this deal, and by the way I would be giving the same advice as everyone here if some anonymous "investor" asked about this online... so I appreciate the words of wisdom.The thing that isn't clear to me is: would I, or would I not be breaking the law by continuing with my "plan"?

Also, happy to put you in touch with my brother who's an agent nearby if you'd like to check out some properties -- either by browsing inventory online or viewing in person.Good luck!