It could get a bit tricky to get the appraisal to come in where you want so quickly after purchase, while only doing a moderate rehab, but clearly doable.

Unless, of course, a moderate rehab could boost the value to say 75k.

A number of these types of posts have appeared over the years (and these threads usually end up being removed by the moderators for whatever reason - but I have seen them and posted in a few as well).We have some members like Kevin Yeats who has picked these things apart.

Jon Klaus Great job moderating the meetup today!

The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (with no other sources of income).

Even as a moderator I have much to learn to get the hang of things around here.............. : )

Mike Gardner,Have one of the moderators change your title to include the exact area that you need the Attorney in.Raymond

One of our moderators, James Vermillion started investing while he was serving and he has made himself available to others like yourself for advice.

Hi Marco,Look up J Scott a moderator on here. www.123flip.com He does a bunch of rehabbing and house flips.

Its chock full of competent people in all aspects of real estate ready and willing to help each other out.Another site you may want to check out is j scotts (one of the moderators) site, 123flip.com.