You might not have $70k cash laying around just yet.If the numbers all check out, and it's truly a 60%-of-ARV deal, there is enough meat on this for you to come out whole under all but the most adverse of circumstances that might occur (i.e. bankruptcy, lawsuits going back and forth while property sits vacant and gets vandalized, etc.)Also, it's a great opportunity for you to learn the rehabbing business.

That is, you would sit on an empty for 6 months.

My family and close friends were very skeptical of my first flip, however I'm now done with it and it's sitting on the market at a price that will net me around 30-40k before taxes.

But i dont want to lose my homes because i can make money with them.I am stated income from my own business (computer software) and limited to the hours i can work, most of my pain comes from sitting but i am very bodily able to do construction and labor.

I just want to let you know -- I was looking for a multi-family in Charlotte to live in one unit and rent the other(s). It's

He thinks its worth $500K as it sits, and I still think that's a little high for the work needed, but I could be wrong.

This would be better than money sitting in a bank account.

Sit down and plan out the next 20-30 years of your life in as much detail as you can.

Essentially you coud sit on the north side of 8 mile at night time and might even get to see the crime on the south side of 8 mile.

The building sits between two other buildings, almost like a mini strip mall, so the side walls are shared.