Thank you ryan. maybe i am missing something here but when you whole sale a deal to a rehabber, you're actually puchasng the house for a real fast resell?

Vince, first you should know BOA will likely make you hold the property 30 days before you can resell it.

I got the part about buying the property using conventional loan and turning around to resell it at a higher price and higher interest rate than my loan.

Recently I purchased two single family homes which I plan to re-sell within 1.5 months for a profit.

I also want to do other fix and flips to resell and/or hold as income properties.

Regarding the 70% rule, you have buying costs, holding costs and reselling costs.

The amount of red tape and hoops Sec. 8 often makes you jump through to house these tenants seems really counter-productive to solving the affordable housing crisis that they seem to be pretty in tune with.With interest rates still as low as they are and the amount of people that are still moving into the bigger metro areas on a daily basis coupled with the sheer amount of investors in these regions descending in immediately on anything even resembling 'affordable', renovating, and reselling for top dollar - it's hard to imagine the availability of affordably priced rentals increasing any time real soon.Again, RHA could help itself (and the people they are supposed to be charged with helping) by reassessing and increasing rental rates, as well as reducing or streamlining the arcane bureaucratic processes that discourage landlords from wanting to rent to S8's.Once the market finally cools and the banks are flooded with what I'd bet will likely be massive amounts of short sales, and properties can be bought again on the downswing then I think we'll start to see a noticeable increase in the availability of affordable rentals.

@Nick E.I am unsure of how the market is in Sioux Falls, but I just bought a new construction home and all the existing resells never get full value due to competing against the brand new homes.

They often put a 30 day hold in there, sometimes don't.Hopefully you have disclosed your plan to resell the property.

The only fools willing to hold taht is the government and as such, any lender needs to package any loan so tightly, so it is re-sellable.