So the house I recently purchased and I'm fixing up right now is wired for surround sound.

I think my biggest hang up right now is that deals in my area are hard to find.My aim right now is growth which tips me to the flip, however it might take another 6 months to find a good deal .

Every time I run a property through my little formula, something doesn't add up right.

I'm sure you are busy working your 9-5 job and doing the remodel on the side, however; if you had a hard money loan  and you took that long to remodel, you'd be so far upside down you'd never get upright. 

And my business's new website should be ready in a couple of days.The only thing I don't have is a business entity set up. Right

I grew up right near St.Anthony's and have even considered doing flips in South Huntington / Melville if the prices are right.  

Depending on what her personal timeline is, I'd follow up right around the first frost - offer a polite reminder about covering hose bibs, or something along those lines.

But to obtain clear title you need to 1) pay off the mortgage and 2) get it caught up. Right

However, in the bubble economy of Kitimat, labour will be stupidly expensive, so you may need to adjust a little further to ensure you have encompassed the delta.You also know that the issue of water ingress needs to be addressed before renovating the interior or you will only end-up right back here.The foreclosure is not really the factor here - though the property is likely in foreclosure as a result of the prior owner deciding to walk rather than confront the water issues.This is an ambitious undertaking and may very well not make economic sense.

When newbies come in here and say, "I'd never do this because I'm an upright type dude" and then ask something that is predatory, how it works, and they ask about three different such issues that begins to paint a picture in my mind.Even thinking you'd just walk away is an unethical approach, even thinking of it as a possibility, that is what these low life, miserable, scamming gurus suggest, so those seeds are planted and I guess new folks think such is just common practice, it's not.Next, I have no idea what idiot would sell subject to without a security interest by wrapping the underlying mortgage in the contract, there does not need to be excess equity retained, the amounts of the underlying mortgage is financing from that seller, unless that lender allows a true assumption!!!