But in a market with labor shortages or if you don't the construction/building experience, maybe no choice but to go this route.

We decided against taking the legal route and continued to plead ABC Baltimore to finish the rehab and pay us the monthly rent without success.Of course, during this entire ordeal, Baltimore City issued several citations and fines to our property because ABC Baltimore was often working without required city permits and leaving construction trash outside.

I'll go that route, and find out if I need an attorney to close.

Just give them your bank name, account # and routing # and they will be able to set it up with ease!

A good Agent is what you really need.they actually get out in the field and look at your property.. attorney just sits in their office and rights a contract  LOL... not that you can't go that route..

If you go the auction route, you will need to research if your state is judicial or non-judicial, you will need to be able to determine if you are bidding on a 1st TD and you will need to check back taxes, etc.

What do I look for to calculate "the numbers" right, and how do I find out if the home is in a good location.Also will like to know how do I go threw the route of finding tenants with sec 8?

My thought process was that if I could find a lender offering 5% down conventional, I would go that route, as I'll have the 5% and won't have to refinance out of the FHA loan to get rid of the PMI once I get to 20% equity.

Side by side four-plexes cost between $400-$500k in our area and probably only make $700-$900/unit, so I think there is less cash flow opportunity but also less risk going this route.  

Purchase + rehab = $55,000ARV = $110,000Rent $1000 - $1200I'm really not sure which route to go toward.