It would help us to understand the attainability of your goal if you would mention how many flips you have under your belt already.Assuming you are experienced, then I'd say move forward, full speed ahead--you can do it.If you are inexperienced, I would respectfully suggest you change from a $$$-oriented goal to a ### of transactions goal.Why?

I had a few issues running into the CityFheps program that I need some advice with, anyone familiar that can help me? Thanks so much!

But I think people tend to look at what a rental property is going to do in year 1 and just pass it by.i.e.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

I'm grateful for this network of like minded real estate enthusiasts and hope to contribute to other people's dream as I live mine!

@Anirudh Reddy you should NOT depend onthe cops to remove homeless people and squatters unless you verify the local laws and what the police will actually do.HOW are they getting access to the building?

They have a huge library of free information on how to properly set up leases, rules, handle situations, etc. which we still find helpful when managing for other people.

My understanding is reason we use title company/title insurance is to make sure buyer is not responsible for any previous liens, tax or legal issues before closing date.I am trying to understand this at high level so I can have a path forward.

It seems like most people we've been working with in a similar situation take a 3 year prepayment penalty or less. 

However, not many people are eager to do that.Once you’ve established your budget and your level of comfort with sacrifices, buy the best deal in your market.