If you do not have your license, what issues have you run into as far as for sale by owner and closings? 

@J Scott  HOA s  are an important part of the due diligence.what I have personally encountered since the melt down.. is that the HOA's were never really formed other than the CCR's recorded.. developer ran out of money.. home owners never had a turn over meeting.. so its a rudderless ship.I built some homes over on the Oregon coast that was like that.. there was and or is a HOA but no one is running it.. so no one to talk to about design criteria.. and out our way . 

Plus take that time to run any additional plugs, switches, cable boxes that you might need.

Look up the assessor's office and run the property.

I want to own apartments but I also want to do something like this. take run down homes and make them great again, hold them for a while, and then sell them to tenants, possibly through owner-financing.

The issue you're going to run into however is the rate that owner will likely be pretty high.

I'm looking at a HUD deal right now in my market, and spoke with a local realtor who broke down how Sage runs things now.

The thing that pops immediately into my head, and will be what you likely run into the most, is that it will sound like you're renting to essentially AirBnB their place.Why would they let you do that, and how would the lease be structured in a non-onerous way where the owner lets you select the sub-leaser w/o direct involvement from themselves?

If i can get an address I will run some numbers and let you know.Rehab, for that ARV in that area with that size of home could be upwards of $150k, but i cant double check your numbers without an address to get a good comp.Do you have pictures of the exterior to know what the elevation looks like. 

, and I figured I'd run it by this community before I waste my and others' time.What about wholesalers?!