It's a golden opportunity because my uncle is also willing to sell it to me for a small amount upfront, as long as I structure it properly so that he'll get the full value over time or gets made whole through the rental income once we have tenants in.

We use a PML to fund the 20% of the purchase price needed to make a full package.

@Andrii Okipnyi my understanding of the City Ordinance is all property owners are required to clear public sidewalks of snow by 7:00 pm the day of a snowfall.  

Both my husband and I have been unable to find full-time work or even work in our fields. 

@Elbert Dockery I've been a full-time, licensed Real Estate Agent for 14 years and I'm happy to answer your questions.  

I work full time and would not be able to devote 100% of my time to managing contractors.

They recommended the SmartJack system.My impression is that a full re-pour would be quite expensive - I'd be curious to hear what types of quotes you get for this.

Rehab would include framing, new electrical, new plumbing, mostly new drywall, full cosmetic rehabs with ARV in the $200 - $250/sq ft range.You can do this yourself if the flipper bought the property on the MLS.

I have an active full time job outside of real estate, but am interested in getting into this market.

My husband has the full time job and I'm doing all the research and trying to figure out how/when/where to make the first move.We've gotten the LLC formed - business phone number set up, business cards, all the proper paper work filed, etc...I've had my real estate license for 2 years (but never acted as a traditional realtor - sold 1 home and did rentals and referrals for family/friends).