Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider the No Money Down book by Brandon Turnerhttp://get.biggerpockets.com/nomoneydown/Download BP’s newest book here some good due diligence in Chapter 10.

Would you call an appraiser or find a contractor to give an estimate on the repairs?

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

I am a property manager in the greater sacramento area and on our website we have a link for Investors where they can put in a property address and it gives them a rent rate estimate.

Estimated costs 270 incl transaction and carrying for 120 days.

Jeff, after looking at the house twice for a walk through I estimated the rehab to be $100k.

Other details: The home is less than a 5 minute walking distance from the train station (<40 min to NYC); the neighborhood is what I'd estimate a Class B+; the home (from pictures) seems to be in OK condition but may require some touchupI understand this is an owner occupant deal since I'm using an FHA loan, however I just want to run the numbers assuming it is fully rented out so I can judge based on its cash flow merits.Finally, if this is a good deal and I should pursue it, how exactly do I get it?

There is, at our best estimate, about 20 billion in seller finance paper in manufactured housing alone.

Good thinking thereLook on Zillow and Trulia and see if tey have an estimated value for that house and an estimated rent for that house.  

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.