They’ve listed the property on the market for $2M.

They have no skin in the game, they'll just move on to the next owner.

Make sure the lender gives you what is called "Non-Dutch Interest" on the rehab portion, that means you do not pay interest on the rehab funds until you use them.

Depend on what you personally want to do.

Congratulations #1...on so many things. 

It really depends on location, quality of home features, amount of privacy for renters/members, and competition.

You are talking somewhere around 5-6 points depending on how much you put down on the purchase.

It's turned into a money pit, but at the same time it's on a beautiful .90 acres with a view of the mountains and a pool that I had remodeled.

Hey BP, Im curious on what some of you would say as the better route to go and why.I'm at a crossroads between:Starting and focusing on New construction for single-family houses to eventually get into being able to build small to medium editions as a long-term goal.

Plus, taxing on social security becomes an issue if I do this later.