They are not easy and they can be an administrative pain, most experienced realtors will tell you the challenges that you will face with a short-sale.

I am not an experienced house flipper, so take this with a grain of salt, but if you and I were friends sitting down at lunch this is what I would tell you.  

This is all very general, would need to know specifics to get into more detail.If you feel good about your ARV analysis, just as a precautionary measure, I would add a 10% "Oh-crap" contingency fund to your expenses if you haven't already, and see if the numbers still work for you.A more experienced flipper than I should probably chime in and let you know if there's a detail you've forgotten.

I have a couple of questions for the experienced agent and investors.1.

These people saying "stay on top of your Realtor" (or negotiator) are not experienced with many or lucky.

Once you start taking the classes, set up meetings with the managers or owners of some of the local brokerages and ask them about the kind of training they have for new agents, if it is possible to team up with more experienced agents or a team, etc.

Ryan, great decision to take the plunge, if me and my wife were children free, we would definitely go for a house hack today, it makes crazy awesome sense to do this.Here are a few pointers:1) Use an experienced 203k lender, not someone that has done (1) or (2) just google 203k lender for your immediate area, call (3) get best rate, listen to experience pick (1)2) Its all about value, in some cases you can go 110% of appraised value, giving you more money for your renovation if you need it, depends on your situation and market.

Hire an experienced realtor. 

I would stay away from the young crowd, as they often tend to be a bit rambunctious (just out of high school, boot camp, or the dorms) and are experiencing "freedom" for the first time.Also not too far from Auburn/Columbus GA is Maxwell AFB in Montgomery.

He is an experienced residential remodeler and so we're really looking for insight into the investing side of the equation.