Jon Holdman,I've talked to numerous Realtors in Broward and Palm Beach Counties.They all tell me the same thing.Foreigners account for at least 50% of the Real Estate purchases, and over 70% of those sales, are Cash Transactions.Here is a link to an article in the Sun-Sentinel today:http://www.sun-sentinel.com/business/realestate/house-keys-blog/sfl-february-home-prices-link-20130321,0,4332847.storyRaymond

There are numerous experienced rehabbers on this forum, such as myself, who would gladly put in more skin, do the leg work, and give you a better return whether it is through a profit split ratio or straight up loan.Going rate for private lending, I've seen, anywhere from 8% - 14% simple interest with maybe 0 to 2 points on the front end.

Had this issue been prolonged it would of been a nightmare to have the city remove these properties from "Watch List-Intent to Demolish" including court cost, setting a bond and numerous other issues..glad we dodged that bullet

What I know from experience and from making numerous phone calls is ONLY the HOA stands in the way of me my chosen profession.

I agree with you Joel, while 21 units typically draw in certain kinds of tenants, I believe it still can be rewarding if we are careful.

I've done this numerous times and it is usually fine.

While living there I decide to perform numerous upgrades and increase the value of the property.

Once I hit a certain level of profit, I'd like to come up with a way to reward him for having hopefully contributed to a successful flip (bargaining with subs, looking for ways to cut costs, etc.), so my plan was to give him an increasing cut of the profit as it grows (and have it cap out at a certain point.)

I am 24 and have numerous flips under my belt.

We've done numerous of these this year.