I feel the loss of earnest money is a cost that will save me many thousands of dollars in vacancies/repairs etc of a bad investment.My goals:I would like to replace my current income stream in the next 2-3 years.

Ventnor and Atlantic City are getting hotter but it was a bad scene after 2008 and 2012 hurricane sandy. 

You are better off getting started with a clean slate anyway.Not a bad idea, except I don't know if they can get that done before closing in 3 weeks...without cash for keys.

Unless you have a huge sphere of influence that you can tap into, you will need to be innovative and a master at marketing and advertising.

Hello BP CommunityI own a home in the Seattle area, and it rents at market rate with no mortgage. Because I don't have a mortgage and not amazing credit I don't look great for a traditional mortgage through a bank. I ...

Hey Everyone, This is my first post on the forums.  I'm a recent college grad looking to build a steady stream of passive income outside of my current job.  I'm in Atlanta, GA, and plan to live here for the next coupl...

@Jorge Pena the main reason to sell is because a lot of bad stuff can happen with rehabs of this size.  

If so, it seems like it would be easy to be badly in the red before even getting a house under contract (in addition to, obviously, the marketing costs).

But if these really are the numbers then from first glance it doesn’t sound like a bad deal.

I don't love it, would recommend to make sure you won't be putting yourself in a bad position.