Not always some will sell prehab but those deals usually come with bonus equity to mitigate the lack of revenue at close.there is two schools of thought on this and I have seen this be very successful as well .. but more caution is needed on the company you do this with they need to be very good and reputable of course.Other course of action is to simply buy off the MLS and do the work for yourself.. this is an extreme challenge from afar...

Have 1-3 buying strategies to your arsenal so that you can make deal with your own or others peoples money.1) Wholesale by assigning contract2) Seller Carry for cash flow3) Subject to existing financingAlso what is extremely critical is to learn how to manage rental properties if you intend to be a buy & holder.Best of luck

There is an extreme amount of great information here on the site!

@Joe Villeneuve I certainly agree, it is extremely valuable.  

I've exhausted my bank loans for now.

Any and all help will be extremely appreciated. 

Your input was extremely valuable to me, as I've been struggling with the best response to give.

If you're going to use a "simple" method for analyzing rehab cost like the $12 a sq foot method, I would be extremely careful and particular setting money aside to go over that budget.

Just running a spread on the MLS you are not weeding out the newly rehabbed, extremely distressed (tear downs), over priced and so on.

Even if "flipping" isn't your main priority it still contains a TON of information that is extremely helpful!