Lastly, you could be like me... buy dirt cheap slumlord property, and learn to fix it all up yourself by watching youtube videos.

I read the forums and it seems to be possible, but most the details I found are for the seller.

This would be our first adventure into house flipping and we like the specific details of the neighborhood and it's potential but are unsure if the house already being gutted is a benefit or not.

Here are some of the details regarding the scenario:- Taken off market last month at 499,900 - Listed for auction yesterday with undisclosed reserve- buyer premium of 10%- Open for cash and financed purchase- down payment of 10k due by end of day of auctionMy scenario would be to seek financing.

I suspect that if you put that detail in request someone would know where geographically you can find that. 

Help, I'm going to give as many details as possible because I'm just getting started and could use some good advice. 

Standup comedy, football, scifi, video games, hiking and astronomy are some of my favorite things; I also dabble a little in diy handy man space, everything from home repairs and improvement to automotive repairs and anything technology related. 

Here are the details:3511 Powhatan Ave, BALTIMORE, MD 21216 (Forest Park neighborhood)4 units: 3x 2br, 1x 1br all separately meteredRent = 3x $950 + $795ARV: $185,000Refinance 70% LTV = $129,500; 30 year fixed 5.5% = 735.29 / moCash flow $1,071.71Assuming a sale at the start of year 5Total PV - Rehab Cost = Purchase Price144,036 - 60,000 = $84,036Again there are a bunch of huge assumptions here but I'd be happy to elaborate on why I chose certain numbers.

Any details on LTV and years?

that's a huge red flag as well.just pop on to lendinghome's website they have really good pricingso does lima one.. those are national for real lenders you can compare if someone is cheaper then them then I questions it right off the bat.the only way you can have cheap rates and stay in business is if your like these guys VERY large and make it up in volume.. just be careful don't give out your SS and don't give them any money until you are certain you think they are real.. and they could be.. you have not given any details to help anyone really let you know if they are real or not..