At the very least, do at least one with an attorney, so you can learn the ropes.I haven't done an eviction since our new laws went into effect in June, but the three I have done all took 6-8 weeks, from rent demand to ejectment, with our attorney. 

I purchased the home for 48k and plan to do a cost effective flip on the property to make some quick money.

I don't have enough experience to say whether this will be effective or not, but I'm optimistic.Your closing costs estimate is $2,500. 

@Angel CraigYou've got the correct initial strategy - the most cost-effective approach would be to secure a low down-payment loan (e.g.

That 'savings' will go 'poof' with either court costs or vacancy/lost rent.While I'm not an advocate for 'tenant rights' (and remember there are always at least 3 sides to every story) from what the poster claims, the landlord dodged a bullet--no one was hurt and the house didn't burn down. 

Student loans are usually one of the cheaper sources of money, so paying it off is effectively only investing at the low rate of return.

But our housing is mostly too new for that to be cost effective. 

@John Teachout @Joe SplitrockMy wife was with the electrician when he was there, but he made some comment to the effect of "you can only have 1 GFCI per 'loop'".  

I think doing the dirty work is the most effective way to do it. 

Driving for dollars seems the most effective as far building a relationship, so i'll be sure to utilize that option as well.