Short term (1-2 years): generate $2,000 cash flow after expenses per month (child care costs)2.

The guy wants to sell because he is a doctor and does not have the time to take care of the property.

Be careful of the guy who says he self-performs everything.Preference to a contractor with a physical office.

In a short sale situation, the seller will usually accept any reasonable offer (What do they care?

My second tip for you is that you familiarize yourself with current bid, bid deposit, bid increment, and counter bid.

It'll be my first deal so I'm really excited to hit the ground running and get this snowball rolling.All tips and insight would be much appreciated!

I keep hearing about this "Furnished  Rentals" talk .. it's starting to make me wish I had attended that one -  I'm going to have to followup with the presenter and see if he has anything published - anyone care to elaborate on the some of the ideas that you found most useful? 

Any helpful information on questions to ask is certainly appreciated along with other tips on how you found your first flip! 

Does anyone have a tip on making it better? 

So the question would be could an equity partner be brought to achieve the buy out and then pay the investor after the the building is refinanced anyone care to chime in and give direction possibly.