I expect to complete rehab within 8 weeks and we add 3 months for sales/closing process.

@Drew Reynolds I failed to mention in the original example the sale price would be 200k to walk away with 100k because that house is financed.

Currently I am finding no foreclosures, short sales, or other properties to flip listed on the MLS  in my area.  

Will they tend to use the sales comparison approach or the income approach for valuation on residential multis?

Hello....could someone please take me step by step in purchasing & selling a REO....it is in good condition....has good equity....I have the asking price & a buyer.... will a Purchase & Sale Agreement work?

Hi all,Are there any laws, ordinances, etc, that are particular to mobile home purchase and sale in NC?

There is a house about 500m away that is for sale at $365k, but he's dreaming.

It's not "free" to sell a home, it's not just the realtor fees but getting a home "sale ready" is often different than "rent ready" and that doesn't even include potential for vacancy expenses and holding costs during the sales process.  

Spoke to sales and was told delivery,setup, foundation and septic field would run abt $20k.

Don't get me wrong.. as soon as it's 100% done I'll list MLS with my realtor (who is great), but just thinking of listing it when it's 85% done, to try and get a private sale (mainly to save on realtor commissions).