But really, if you have the right team in place then you can make your offer and let it sit there until lender approval, so it's not much work on your part.

Since I don't have that kind of cash sitting around, I would need private or hard money loan to finance the purchase & rehab costs.If I budget $25K in points/financing for 4 months, a 5% Realtor commission to sell the house and other incidental costs, my total expected costs would be around $600K, leaving $25-50,000 profit depending on final sale price. 

Personally, I think he shouldn't be able to read the whole thing while you two are sitting there.

That means you can take classes and get your license in one state, and then just sit for the exam in the other state without having to take the classes.

@John O'Keeffe Welcome to the community sir.Quite honestly, you have already found THE BEST source of information right here on BP.Sure, there are other sits and Youtube channels that offer some education, BUT by far BP has the most densely pack information in all of the internets ( 'Murica)Good luck!

It seems like a 10 year old house will sit on the market Bc there are so many brand new developments to rent.

Be there while they work and keep track of time and if they are sitting around not working.

It reduces the amount you can charge in rent and may make it sit a little longer, but it's not the end of the world.

Since this has happened so fast I haven't had the time to dig into this while I'm sitting here at work today.

It's the last trailer on the lake though, possible equity in the acreage it's sitting on if I can get long term cash flow from it.