I can't speak for other rehabbers, but I'd never want to live in a house that I rehabbed myself...and I certainly wouldn't be comfortable selling a house I rehabbed myself to someone else.All of my contractors have many years of experience in their areas of specialty, and to think I could replicate their quality of work after reading a book or watching a YouTube video is ridiculous.The only work I'd consider doing myself is the stuff I could pay someone $10-15/hour to do (demo, doorknobs, etc)...and I'm pretty sure my time is worth more than $10-15/hour.Just my $.02, and I know others may not agree (though I think they'd agree they wouldn't want to live in a house I rehabbed :-)...

I no longer have any of the other 4, they weren't bought for their investment qualities, and we're spread out from OH to CO, so would have required absentee management.

Not everyone can qualify for a mortgage, especially with the tightened lending standards that we've seen in the past few years.4.

The mortgage did have the standard appurtenance/ interest in other lots clauses though.

Cable is another option, but the programming is limited.PPC and Direct Mail are our two key drivers that produce quality leads at a reasonable cost.

Disadvantage, it will be my first home that I OWN..The meat - 3 family - 2462 SF - Purchase price $300,000 (in discussion w/owner)Unit 1- 3bdrm plus art gallery - $1400/MoUnit 2 - 2bd - $1100/MoUnit 3 - 1bd - $900/MoTotal (conservative rents) = $3400/MoProperty is recently vacant, in decent shape (out-dated) nothing major needed ASAP, I would look to do minor cosmetic upgrades to be a "higher standard" rental unit at competitive market rate.2nd Property - Single Family 3,000 SF 5 bdrms - 2 kitchens (possible multi conversion) - Purchase Price $280,000 (in discussion w/owner)Quiet Dead end street in nice neighborhood, large backyard w/greenhouse-ARV - $425-$450,000Assessed $440,000..Initial walk through property needs new roof, and may have mold issue.

Wayne, Patrick is correct as a licensee is held to a higher standard of care in dealing with the public, they are seen (blindly in some cases LOL) as having greater knowledge and dealing from an advantageous position, it's viewed that way in all states but rules vary. :)

I am not sure if #5 standard or not but with my mortgage it apparently is since they decided to send me a fancy letterhead stating so. lolNevertheless my point of listing those was that apparently some banks are ok with putting it in a trust #4 or in another's name for estate planning #3.

Sure, they are often advised by their agent, and later the price is confirmed or countered by the bank, but as in all standard real estate listings, it is the home owner who gets to price their house.

Everyone always thinks standard 12 months or no deal and that's just not always the best move just as you said.