:superman: The home is in College Park, a popular downtown section of Orlando with a wide mix of building styles from mid-century bungalows to waterfront million $+ estate homes.Here are the details: 2bd / 1bath, 1150 square feet, Concrete block/brick, slanted roof, built in the mid-1950s.

No offense taken....But let me add a few points:A Realtor is a member of the National Association of Realtors, which adheres to a detailed Code of Ethics.

Rather then get into the dirty details (I'll let you all read for yourself), I would like to start a discussion on the big picture ramifications---here goes:- As a real estate investor and/or homeowner, how do you feel about Uncle Sam telling you what mortgage programs you can or can not use?

Well MikeOh youre gonna have to detail those expenses to me, cuz i really dont see where u can find a building thats gonna cost 185000$ and bring in 3700 a month (44400$ a year!)

Its marked confidential so I don't want to repeat the details here.

Then price your flip slightly or even substantially lower than the houses for sale in the same area and that are very similar in detail.

Brad, Post some more details about your property and you will get better feedback.

In other states the process is no different than a normal foreclosure so check the details in your state.Note that TX and maybe a tiny number of other states certain seller financed deals are not legal if there is an existing loan on the property.

By providing this detailed information, that the underwriter usually won't have, you give the underwriter a far better feel for what is going on with this particular property and loan.

I always used a pretty detailed move-in and move-out inspection so I had a pretty good form.