As far as flipping strategies buy right and then also price correctly when you sell.As a real estate broker new product doesn't come on the market every 30 days it comes on the market every week and sometimes daily.Knowing that what buyers want is the best product at the most reasonable price.They don't want a crap hole to live in just because it is cheap.So when rehabbing if your budget is stretched pick 2 or 3 things that will pop and catch the buyers eye that say QUALITY.Also in this market a price drop every 30 days won't cut it.As a broker we know from statistical data that 85 percent of activity occurs in the first 10-14 days on the market.If recent sold prices range from 40k to 50k I want to be in the bottom 50% of list price 40k to 44k with a great product.If I have given it maximum exposure and nothing comes in drop the price every 7 days until it sells.You want to always stay ahead of the pricing curve and chasing the market down.It is the number one mistake made by all sellers.

If someone can figure out a way to post them on a neutral link I am happy to do so.

ok should have been more clearer, The loan is Convential I am not living there and a tenant is living upstairs right now and has been for 7 years. the bottom floor can be rented out with about 1 week of cosemtic updates.

If it's a guru or REI club or research (meaning time).I personally prefer to use investor money to purchase RE at rock bottom prices.

Although we're going to try and justify getting 5-6% commissions, 2nd lien contribution, and seller concessions from the lender, but ultimately it's up to the lender and you still have to figure out the bottom line and work from there.

At the bottom I would cc:(The highest official at that housing authority office) Send the letter to both the social worker incharge of your tenant and the housing director.

Primarily buying and selling foreclosure/sherriff sale/etc properties that possibly need some work (I have to start out at the bottom for now).

If it is all about a bottom-line return for the company or the investor, then it is probably trouble.

Bottom Line: Be careful and know what you are doing.

From top to bottom.