First, the details on our 'flip':The house is a 4 bed/2.5 bath 1968 split-level home on 0.5 acres, at the end of a cul de sac, with a privacy-fenced wooded lot, in-ground pool, spa, hardwoods throughout much of the house, and some updates including stainless appliances, in an A neighborhood in South Charlotte. 

I am looking at a project that is a historic building that sits in an Acre and is 8700sf . very walkable to lots of amenities,restaurants,grocery, schools, government offices e t c.in the past i have remodeled SFH ,renovated industrial builings to retail centers (sizes up to 15000sf)Project Scope: i am thinking retrofiting and add an addition and have aprox 32 units of apartments with elevator, and finishes stainles appliances,granite tops, study says that target tenants are milenials,retiress and due to proximity to government offices government employees.current rents go for 1bed 900-1000 and for 2 bd 1100-1200 . the sf need for 1 bed is 800sf ( should be able to rent according to the study for $1200)and for the 2 bed is 1200sf( should be able to rent according to the study for $1400)for this area.14 1 bed x $1000 =$14000 x12=$168,000. year18 2bed x $1200 =$21600x12=$259,000 yeartotal yeqarly income $427,000.00 -8%$34,160)vacancy (study says 3% for this area)=$392,840.00 yerly gross income.using current rents for fast stabilization as the goal is a non recource loan.i have couple questions that i would greately apreciate your input. 1)is it worth going after tax credits and how do i find more information?

It's bed enough us wholesalers can barely get sellers to trust us.

I've noticed on the MLS and craigslist that there seems to be a pretty good supply of 3 bed 2 bath housing (which we need for our family) in the $230,000-270,000 list price range in the Riverside area, which sounds perfect as we want to put around $12,500 down (possibly FHA 3.5-5% down).

It's a building with 2 commercial businesses in the lower level that rent one for $450 a month the other is only open 3months a year and only pay $1800 a year as well as one apartment three bed 2 1/2 bath 1700 ft.² but then there is eight apartments upstairs all one bedrooms but only three are rented out at 300 per month and one is 200 per month all the other units need remodeled before they are able to be rentable just trying to find the best way to do the numbers on this project The lady has had the building for about 30 years and she does month to month leases so it's hard to go off of income per year as well as expenses any help is appreciated I have more numbers for sizes of stuff if needed to help analyze this project

The numbers first:Purchase Price: $430,000 (Auction) (3 Normal Bed, 1 Master, 2 Full Baths, 1 Master Bath, Pool, Cathedral Living Room Ceiling, Attached 2 car Garage, Swimming Pool, 3500sqft on 1 acre)Outstanding Town Liens: $94,000 (I knew this as this was announced at auction.

Figure out what they want (e.g. 3 bed, 2 bath, built after 1980, light cosmetics only, less than $100,000 purchase and rehab)Step 3.

Then I decided to try a local furniture rental place - Aaron's in my case and they provided a dining room set, living room set with couch, coffee table, end tables and lamps along with a bed and dresser for $380/month - including delivery sand setup.Was it worth it?

Hold- it's a 7 bed in a student town so I would be using it as a student rental..cash flow potential look's promising..3) How much money do you have at your disposal?

I am not a designer but have remodeled primary residence couple of times and recently renovated one of the units of our rental that get 2900 rent (2 bed 1.5 bath) in San Jose.I think the counters are the easiest.