They include money for fix up the property and low down sometimes as low as 3.5%.Here's the link: http://www.re-buildusa.com/homeowners/fha203kfaqs....What are the benefits of an FHA loan?

I'm all about working smart not hard but if there is no real benefit to a process then why do it?

This has appreciated and it has helped with our taxes and we have paid down the principal, although you don't seem to think much about that benefit

Flips are NOT held as rentals so you don't get any benefits of depreciation.

Hiding behind contractual technicalities and perverting the law for self benefit never wins.

There are benefits and negatives to both ways of doing it.

Each of which offer different levels of risk, benefit, and effort, and they also vary in locations.

You will gain a TON of knowledge and who knows - maybe you'll even find a partner or two.Knowing that there is a resource available to me that offers advice on pretty much any REI question has been a huge benefit to me and my business.Investing in multifamily properties by using as little of my own money as possible is my game.

They’re investing –and benefiting – alongside people with the same interests: homeowners.

hi karl. sounds like you actually have a good start here in this business. bill is partly right. of all the answers here, i think he has some good advice. that being said, you need the think outside of the box here. you said you will have $80k into the place if you fix it up to basic standards, and it would be worth $150k. ok, those numbers are great. but here is an idea you don't seem to be considering. you own the house free and clear. no mortgage to anyone. you and your buddy want cash out of the deal. then your only option right now that really makes sense is to finish the place to basic standards, go refinance the place for what the bank will lend you, split that money and then rent the place out to make the payments. you get the benefit of getting all your money back, plus a few buck on the side i would bet, and when you rent it out, the tenant is making your payments. whats wrong with that idea???