I'll try to keep an update going as we progress  I'm thinking remove everything but the tub and invest in a nice floor length shower curtain  

I own a condo hotel in FL and the developer/owner of the building is creating issues w self rentals / self management (i.e.

It is some nice extra cash flow.THus, if they pay each month a few weeks late, what is the difference than paying on the 1st each month? 

Nice bachelor pad , right? 

The house has appreciated nicely but it has some major structural problems with the foundation.

Looking at listing may not need full rehab, new roof and water heater done, 3br in neighbor run 900 to 1000, rehab for low maintenance, try to buy as low as you can , look at comps, probably could go in as low as 38-42 with good agent and stress as is, maybe a few agents here to help, get one to give you good numbers not listing agent numbers , street is a nice one for area, not much back yard or parking but nice front, before you close make sure vacant  contingent, if numbers work I would do it, the are predicting an abundance of rentals avail next year with building craze but keeping expense low you should be safe, remember don't rehab as if you are living there, think durable and repaintable, number should go into systems and structure first, elect,heat,walls, windows,floors,plumbing, if you use a contractor go with one you know or work with someone in area to keep an eye on progress, good luck at least you know some of the history of the property

The land development established and plenty of room for growth.

If something comes up with the title or there is a disagreement in contingencies there it is always nice to have an expert representing your best interests.Brokers that do HUD home sales do so in a fixed commission.

Since we flip homes, it's nice to have a price break on the marketing costs.

And everything in between.For the least amount of time spend and headache, buy a decently nice property that will attract high quality tenants and use a property manager.