--so can i buy with 3% down with closing cost included in mortgage?

(Make sure you are including your closing costs on purchase and sale to compute.)  5% vacancy is probably unrealistically low unless there are long-term tenants (which often means the rents are below-market).

If it's a big job needing practically everything completed, including permits and drawings, etc., then you're much better off with a GC for your own sanity.

I am trying to partner up with somebody else to do me the legwork would be needed in the future fix and flip transactions i probably will do out of the state when i am absent , including which is the most important thing is to watch the rehab process and contractors progress anybody has an idea how to setup that king of relation and contracting ?

If you convert your home prior and decide to rent or live else where in the interim, then decide to use FHA to qualify for a new primary you can use the rental income with out restrictions of the 100 mile rule and still qualify for FHA.Their (FHA) guidelines are rigid, but with proper planning you can adhere to the guidelines and accomplish your objectives while avoiding the unintended consequences of the rules.Best practice would probably be to wait a few months after moving till utilizing your FHA loan to obtain another property.FHA does have a max of 7 financed properties including the FHA insured property (6 rentals + 1 FHA primary) so it looks like you're riding up to your max with the current of 6 financed properties.

His estimate was solely based on the pictures I provided him from the inspection (which did not include everything.)

So that means while everyone else is popping a top and sitting down to watch football on the sixth day, you need to be working your area and knocking on doors because everyone’s at home- including sellers.That makes the commanded sixth work day the best day to work your neighborhoods, meet with sellers and be looking for deals.What you do on that sixth day will greatly influence your success.Point three: take a day off every week.

In the sale of lots pursuant to the provisions of this article, the term "real estate broker" shall also include any person, partnership, association or corporation employed by or on behalf of the owner or owners of lots or other parcels of real estate, at a stated salary, or upon a commission, or upon a salary and commission, or otherwise, to sell such real estate, or any parts thereof, in lots or other parcels, and who shall sell or exchange, or offer or attempt or agree to negotiate the sale or exchange, of any such lot or parcel of real estate.

Department of Education “have forced us to cease” operations.ITT was hit hard Aug. 25 by the education department’s mandate, which was made after ITT fell out of compliance with its accreditor’s standards and “put its students and millions of dollars in taxpayer-funded federal student aid at risk,” the department said.ITT last year received 79 percent of its cash receipts from the federal student loan program.The department also placed several other sanctions on ITT, including a freeze on executive compensation and an order that it increase its surety funds from $94.4 million to $247.3 million within the next 30 days.The company said Tuesday that it “exhausted the exploration of alternatives,” which included transferring the schools to a non-profit or public institution."

The house has all new electrical, new wood flooring with some bamboo flooring in a few rooms and other than that not much else needs to be done.