If you found one that has sat, there might be more to the story...other wise someone would have turned it already for a profit.

@James Wise Thanks, this site is awesome.

Very helpful tips, thanks so much for them :)and @James Wise thanks for the insight, starting to understand the success/significance in using my time most effectively.

Is it ok to be the nicest house looks wise in a lower income neighborhood?

@James Wise - I believe you were looking for flexible lenders in Ohio?

@James Wise, @Dmitriy Fomichenko, Account Closed

@James Wise,The short answer is, I don't know for sure.  

But we are happy that we are getting positive cash flow so long term wise we should turn a profit.A month later with one house under our belt as experience, we paid all cash for a 4 unit multi-unit.  

Also, I’d like to minimize the transaction costs as the property is sold from him to me, because every dollar I save my friend by selling to me (vs selling to a 3rd party) reduces the price I pay for the property.This is a true friend, so I have zero trust issues and am 100% comfortable with doing the initial sale as cheaply (even if it means unprotected, deed-wise) as possible, AS LONG as it doesn't complicate the eventual after-repair sale to a third party by me.Hope that’s clear!

Hey @James Wise thanks for the message.