If that's the follow-up conversation you have with the lender then they are more likely to have fewer question marks about the executor and you'll have better odds at doing this deal.Go out there and get it!

Make a list of competing properties and secret shop them - Which is time-consuming.

We’re facing unprecedented job losses and potential long-term changes to governmental policy and consumer behavior.

That doesn't mean you shouldn't do it, just be sure to run the numbers factoring in all your costs.With townhomes you may have an HOA fee that needs to be part of your expenses, and you may have a harder time increasing the the ARV, because you may have fewer options as to what you do to the structure; hopefully there is an experienced real estate agent in the area that can guide you.

@Jessica Prak Like you, I am only about 2 weeks into Biggerpockets and there is more than enough information on here to consume.

@Julie McCoyI know its not any RE agents preferred method but I was taught that professionial associations are there to protect and service the consumer communities they serve.

As many said becoming a Realtor is time-consuming and expensive but if you need the knowledge it could be a good idea.  

@Susan KimAs @Taylor L. and others mentioned, raising funds is a lengthy and time-consuming process.

But more importantly, the fewer flammable materials you have down there finishing that basement, the safer the rest of the house is.You state you're looking at this as a cheap flip, since you can't do anything about the ceiling.

It’s been about a year now that I have been trying to consume YouTube videos, Bigger Pocket webinars, literature, and basically whatever I can find.