I have yet to do a true rehab (flip), but my advice would be to absorb as much information as you can and set up keyword alerts for the "fix & flip" to see others questions and answers as well as look through the deal analysis forum category to see how others analyze deals and estimate rehab costs.

If you are not able to make a buying decision based on what you see in the video then this property isn't for you."

I am finding conflicting information about whether or not this is allowed in Jacksonville, Florida.I've found info stating that the owner must live in one unit and rent the other, or must rent both units to the same tenant, and the two units cannot be rented separately to two different tenants.

I wouldn't lose any sleep or think it's a make or break decision, people pick their housing choices based on the house, not who owns it or manages it.

A simple explanation of the above information.   

What information is needed when dealing with a wholesale going through forclosure??

Check out the BP meet-up forums for Cincinnati, Ohio area and you will see "Real Estate on Tap" and can see the information for each meeting hosted and the topic based on the speaker.

Newbie seeking information on lead sources, title companies, private money resources.

@Chelsie Hall - I just finished a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a CSS (via a professional or DIY).

Hi Zak-Great question.It sounds like your credit union is offering you a Home Equity Line of Credit as they do not expect principal payments and your primary bank is offering you a Home Equity Loan.Personally, I don't like having to pay on an equity loan unless I use some of it and only pay on the part I use.Although, this is a personal decision for you.If you make investments that provide enough cashflow to pay the principal and interest to your primary bank on the equity loan it doesn't really matter to you as others are paying it.Another consideration is the amount of dry powder available to invest.