I think nationwide we are seeing a crowded market in this space, particularly in up and coming urban areas like Okc.

Access? 

Do you have MLS access and can you find comparable sales?

@Tim Swierczek knows the Minneapolis loan space very thoroughly.Sinc it's an absentee property you'll likely be stuck with 25% Like @Daniel Kurkowski mentioned, lenders stick with the Fannie/Freddie requirements.

I also when its someone new .. will google street view.. get the person answering the phone to describe what her office location looks like  or I will say hey is that a McDonalds across the street from you when I know its a burger king.. then the other thing I will do is make them recite some information on the hud that a scammer would not have access to.you simply cant be too careful.. millions of dollars a day are being lost in this manner. 

Compare the profits from flipping (accessing the equity) that you could have right now, to your monthly CF (total).How long would it take your cash flow to equal your equity?

Inspection revealed tons of major issues in the crawl space (flooding etc) and renovations will be major.

Marcella,I am on vacation right now, so I don’t have access to all the materials.

Still have a space cost.

View report*This link comes directly from our calculators, based on information input by the member who posted.I dropped the price for each unit by $50, but added in the additional income from the garage spaces ($100 x 2/month).