But, that's not a perfect strategy - the fixtures and finishes you might put into a rehab might be at a much higher level than what you would put in a rental.

Hi ya'll,I'm currently in the process of researching real estate deals for my girlfriend and I when I come back from deployment and move back out to the Midwest to finish my degree in Carbondale, IL. 

I was wondering if I wanted to purchase a Foreclosed Home..

@Kevin Drouillard if it was so hard for you to get them on the phone then no wonder you can’t rent the property.

Hey friends ,I wonder what cities are the best in the country in your opinion for Fliping and for rentals ?

I would like to avoid an eviction as well since that could take months and with the 203k I have a finite time to finish the rehab.If anyone has some thoughts or advice I'm all ears. thanks 

Now that all the finishes are picked by me, the rehab is actually somewhere around $350 because for our area and fast sale, you have to spend a bit more, in my opinion. 

I am wondering if something similar exists for a commercial property as well.All thoughts and suggestions welcome.Thanks,Piku

As i said before he just called me saying he is in a bind with onother property he's trying to get ready that seems to be more important than this one, so he's willing to sell for a lower price than he has it on the market for. he said he just put it on the market yesterday but thats gonna take too long to process he wants to get rid of it quick since he's trying to finish up the next property that will make him more money.I went by to look at the house its in great shape, great neighbour hood.And i was planing on flipping it to a cash buyer so was thinking to negotiate a deal with the seller so we could all gain something from it. 

I’m still finishing up the final numbers.