-I am estimating around 50 grand worth of stuff that would need to be fixed in this place. 

You'll basically be doing a shitton of work so a bank can make a lot of interest off a tenant you find and will probably lose a grand or two in the process.

You better be up on collection laws, have an equitable, financially equitable interest in the outcome, more than a grand in a transaction this size for your reasons to get involved, so again, are you an attorney or will you be getting one?

Anyone have recommendations for an investor friendly RE agent in Casa Grande Arizona?

reality   reality check.. you want to flip 40 homes in a yearlets say your in a low value market were you can buy for 100k put in 25 to 50k per projectlender will want some equity.. as your not provenso how are you going to do that when sales cycles are 6 to 9 months from start to finish.. some get lucky and can flip in 120 to 150 but what I see is 6 to 9 months.so your starting out.. you would need to buy about 30 homes right off the bat  so that's 3 to 4.5 million.. 20% equity you need 600 to 900k in cash.. and you need another couple hundred grand in operating capital you have to make debt service while you hold these for nine months. so lets say 10% interest to make It easy on 3 mil is about 25k a month.. so that's another 200k for debt service. so this is why not MANY can do 40 flips in a year its so capital intensive.. and you certainly can't start out that way you need to prime the pump and maybe in 3 to 5 years you get there.

Any reader that is familiar with the Grand Conclave, roo. 

Anthony Gayden those houses are still worth something... if the owner is paying you a couple grand to take it over lol.

The grand total repair/eviction costs for a single unit totals over $3000.

I want to make sure that since house hacking is a bit unique in the grand scheme of things, I don't stumble on any unwelcome surprises on the inspection or insurance end.Thanks in advance,Valerie

Most multi's were once grand old homes unceremoniously chopped up into apartments. 100 years of weekend warrior repairs - the gift that keeps on giving from a landlord maintenance perspective.