Maybe you can get a 6 month lease, rather than a year. sometimes owners permit that.

I feel knowledgable enough to do the work myself but am worried about building/code inspection paying a surprise visit and obtaining a permit for a project of this size.

If the situation doesn't permit having the title company do it (as in working 100's of foreclosures) then I will at least do my own research at the county clerk's office.Now, I rarely buy title insurance when I buy a property. 95% of the time I end up buying it for the buyer when I resell, so I don't like paying twice.

i don't know, if i have to worry about less than $20 per month, when i get an extra $4,000 to $5,000 in my pocket, than i am in the wrong business. plus, i plan on selling using a wrap to create cash flow. grant it, i'm talking about homes in the $80,000 price range.it would definitely make a difference on higher amounts.jim

21.In the event any action, suit or preceding is instituted to enforce any provision contained herein, or to recover possession of the premises, or to cause payment of any sums due hereunder, Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as additional rent, either expected or incurred by Owner/Manager to the extent permitted by the Washington Residential Landlord –Tenant act.

Why go the extra step of acquiring a house with $100K equity?

Sure there were years that I made an extra $20K-$40K due to rehab/flips.

There are plans already approved and drawn out to add 2 extra bedrooms and 2 bathrooms.

Are you just saving up for retirement and you have other extra income to supplement your investments if needed?

i'll save the wholesaling for when i have some extra money put away, just in case i screw it up (probably bass ackwards from the way most people do it)...