Once in my control I would get the lawyer started on the deeds and agreements, and the realtor started marketing the property.Option 2, is an idea that I have only been thinking about recently.

What are the special regulations that I need to know in order to flip houses?

If it's suburban, then the community room would be a good alternative to making it an amenity that brings in some cash to offset its expenses.  

They surely know something about the company.

We will post in the BP forums, but it normally is every second Wednesday of the month.

The properties I have come with instant Cash-Flow opportunity.

It was listed on the MLS and I had been following the history.

I was a little busy dealing with the hurricane (buttoning up both rental properties as well as my primary home) and evacuated myself on the 8th.  

The west coast, especially Seattle area is very expensive.

And you flip one and make 30k and then you hold the second one and throw that 30k into a deal that you picked up for 150k.