Not sure how common this is or whatever as this is my first actual deal, but it is possible it appears.

Erin Royster so wholesaling raw land to a developer is going to be extremely tough.

I have also done some other research and have read about Fannie Mae home-style loan which basically encompasses what I have been saying and combines the cost of a "fix-er-upper" and the cost of said repairs, and wondered if this is common.

(LOL) No seriously he is extremely knowledgeable. 

The common way that Fannie Mae and Freddie mac will look at a rental that doesn't show up on your taxes yet is.......Gross rents X .75% minus PITI = ???

I am extremely proud of our diverse and substantial multi-cultural employee and subcontractor base of staff.

Not only are we lifting the city up but we are working towards a common goal. 

Hi Virginia,I think the common thing to do is that when you analyze the property, just look at the unit you'll be living in as if you were renting that unit as well.If you have a good deal based on all the units being rented, then you can consider it still a good deal if you end up living in one of the units.

Based on what you said, I wouldn't do this for the first deal because unlike all those gurus say it DOES take money and a LOT of time to get it right.I'm sure there are other ways to find deals but as you can see non are "the answer" but there is a common theme there: you have to network with other peers in the industry.

The market I am looking at is extremely hot right now and houses are sold within days of being on the market.