The danger is the rehab may not get done as quickly if you are living there, or you may see that as an advantage to be able to take your time.

It can range from a quick paint and flooring job for $5k and it could be $150k.If I had pictures I could at least give you a ball park but an on site inspection is the best

If you have the name and date of death of the decedent, a quick Google search of obituaries should help.

Neighborhoods change block-to-block and a B neighborhood can quickly downgrade. 

Any quick notes from the book that may be helpful?

If you want the contingency in there you could write the contract dependent on getting the HML but if you already know the lender and know that he can close the deal you can make it a cash offer with a quick close. 

I am relatively new to REI, and its great to see how some people start, facing the constant "No's", and how quickly you can grow in a relatively short amount of time. 

Don't expect to get rich quick or make money with nothing. 

So I wanted to share one in case it helps someone on the fence about getting started.Going to try to give the super quick story:  There was a great property in downtown Houston. 

@Chaz Mathias I agree that the market is overheated which is why I would be budgeting to be able to list below market value for a quick sale.