Be careful that you do not pump money into a program claiming to make you an investor and provide help in doing so . . . it will quickly become your fault for not being successful when you question things and the mentor aspect offered will disappear.Find local investors, get the foundation you need to focus on your area and stay positive in the journey,. 

Looking to do my first flip, was originally looking at baltimore, but it looks like it's moving towards a buyer's market and inventory is very high so I'm looking for other hot neighbors with low inventory.Thanks

Is it the repair is to fix the it and make it functioning, and replacement is to improve and add more value to it? 

Hey @Jordan Dzubak, so a quick look on VRBO showed quite a few rentals on the lake.The average nightly rates is highly variable but that is dependent on size and location of course.What you can do is drill down on VRBO and AirBNB to see what is out there.

We could sell that house by itself, but it would be sold under a land in common agreement and an HOA would need to be formed.I also confirmed with the Public Works department that a 2nd driveway can go in, with a septic designer that there's room for second septic tank, and with the public water company that they can tap into the main water line from one of the neighboring roads.I'm sure there are some more details that I would need to iron out that the code officer didn't bring up, but the high level answer I was looking for is that my town does allow selling off a second house under the LD 2003 legislation.

However, it is the third factor—whether investor business had actually commenced—that is determinative here.In investor’s business outline, dated May 10, 2004, he indicated that he was starting Value Property Investments “for the purpose of buying, remodeling and renting property.”

Is it going to cash flow and does it have the appreciation opportunity to rise in value pretty well?

If it is performing well, the buyer pays fair market value for the home and enjoys the benefit of some future income with rentals you already have booked. 

If thats the case, I guess the listing agent or broker would have liability for failing to provide their client with documents they can comprehend.

These short-term loans can provide interim financing until you lock in permanent financing.