You could use this to calculate an ROI except the big question is how much will it take to bring this property up to code.

I plan to use a similar setup except the contractor partner will also be putting forth the rehab funds.....then it will be 50/50 after both sides recoup all expenses. c) 1925 and small on square feet.

I just take huge risks, apparently.Now I've found lots of alternative CPC sources that aren't as ridiculous as Facebook/Google (as an aside, 99% of what you see running on these sites is material that they would ban, except they are being "cloaked" by affiliates...basically the ad revenue that sustains these massive companies comes entirely from people whose ads they explicitly ban..something you might want to know if you own any stock in them).

For the most part it will be just like buying any other house, except the bank wont make repairs, they will want you to sign an extensive addendum holding them harmless from the property after the sale, and to close on time or pay a per-diam penalty.They hate having a contracted deal all apart, so they like strong offers (less contingecies) with high deposits.

An exception is that the very high end condo market there, as the current price is still far below the construction cost and therefore new projects must wait until the price is a lot higher to start.

@Bill Exeter is right on except Pa State income tax is 3.07%.

Is there an exception if it is a bankruptcy ?

But to explain a little more, since you are starting out, and assuming you don't have assets right now, you basically have nothing except a mortgage.

I paint my apartments with the cheap HD eggshell flat paint (except for the bath /kitchen).

From what I've been reading MOs are not getting involved in mobiles, except for the MH dealers.