@Ronnie SparrowI have run into this before you DON't need realtors involved at all, but you have another big issue to fight.If they are using financing, the bank will not be OK with the double close (not under contract with the owner on file) or an assignment fee on the HUD (obvious reasons).Now, you can attempt to do something on a handshake outside of escrow, but thats at your own risk, and i would still draw up docs.Best bet is to close on the property and immediately put it under contract after closing with your end buyer.

It's a 3 bedroom 1 bath 1200 sq ft SFH in Marion, Iowa.

Everyone will need to double check any and all the information anyway - the Phoenix Business Journal is great for starters.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing works well in your area they rent per bedroom not unit.

I'm not local and there was a mini-flood so the flooring needs to be replaced ASAP (it's buckling and I don't want mold to start).

Underwriters look for rapid acquisition of properties from a nationwide title search, they double check address and if there are any discrepancies the borrower needs to write a letter of explanation on title and the credit report as well as other methods.

A year earlier.The cost of solid flooring is often double the cost of carpet.

I used to deal with a builder and dragged him out there to give me his ideas and costs for doing what I wanted to do which was to buy each of these homes and convert the garage to living area and add on a master bath and bedroom suite to the home and build a new triple garage with work area to each.

Your basically doing a double assignment.

Example: Fort Worth TX---2007 duplex, 2100 sqft, 3 bedroom 2 bath each side costs $85,000 and total rent is $1,550/month Portland/Eugene OR--2007 duplex 2100 sqft, 3 bedroom 2 bath each side costs $380,000 (maybe closer to $430,000) and total rent is $2,400/month.