I'm not a finance guy and i don't know your financial situation, but you would probably need close to a 200k yearly income to purchase that on FHA loan and i have not seen too many young families to be able to do that.I'm guessing you are already pre-approved though if you are already working with other realtors.My advice to you would be to be more realistic with what you want and what you can afford and what you should offer to a property you like in order to have a chance to get it.If you had purchased a 400k property 2 years ago, you would already have about 40-60k in appreciation so keep that in mind next time you put an offer on a property. 

“ADVERTISE”Before beginning the rehab (perhaps during final estimates and planning), start advertising the property via a third party or something with a time stamp.

., they are very interested in my project and estimate a take down schedule of 7-8 homes a quarter.

I also let them know via email or maybe a small gift card when I WONT be raising rates even though the power co did... gives you a chance to recoup a loss for idiots who leave taps on or don’t report a leaky toilet and also gives you a chance yo remind them you’re eating an increase that as a homeowner they would be required to pay.

My game plan is to purchase with an FHA, renovate myself (I estimate roughly $15,000 for me to do all the work) then hopefully refi out of the FHA after a year, and also be able to pull some cash out to put towards another rental.

Hello allI would like to get recommendations about good and reliable contractor for a project to my property in Jacks.And also to get advice about an estimation that i have for the project in Private.thank you all

@Amanda McAndrewsI have bought HUD homes over the years and their cost estimates don't mean anything.

In part 1 I had estimated that purchase and rehab would be 200k.

If you're getting a loan, the lender should provide you with an estimate of closing costs.https://www.stewart.com/en/stc/san-antonio/tools-a...Some things are negotiable, so it depends on how you structure the deal.

The asking price is $75,000 but the comps that I pull are estimating $55,000.