That'll be a good way to pick up homes for cents on the dollar, allowing you more money to put into your flip.  

eg. the allowance of 45-55% for expenses would normally INCLUDE vacancy, not requiring you to subtract further!

If you click on the three little green dots top right of your post, one of the options is "Edit" which stays there for 15 minutes after you post, at which time it changes to "Update", which then only allows you to post an edited note underneath your original post.If there is no similar arrangement for thread titles, (eg.

Another aspect that will allow me to control construction costs is by not using an outside construction company.  

The idea when purchasing the house initially was to start putting my BAH (housing allowance) into my own equity vs someone else's.

Which are the best property websites that allow private home sellers to advertise a property for sale?

Jegan - unfortunately you have not provide enough information to allow an intelligent response.

Based on their responses, I can gauge how close they are to my MAO (maximum allowable offer) and how motivated they are.

Allow something for yourself to cover the public areas.

Note - If you are looking to invest the proceeds you could look into a 1031 exchange will defer all Federal taxes to a later date and allow you to purchase another property with the proceeds.The best thing to do in your situation is to do a little research and talk to an accountant.