Going back to the 203k loan, there are definitely pros and cons, but if utilized correctly the 203k loan can be extremely useful as an investment tool and definitely something worth looking into.

@Jacob BassettYes, I see these all over the place and honestly with technology and everything online, I would advise against these sales programs that you see on bandit signs.

Coming in with the capital you hold majority leverage, but having them find the needed workers (preferably contractors he currently works with) is going to be extremely time consuming. 

I've found that almost everyone I have met in the community is extremely helpful towards as long as you are genuinely trying to learn. 

Shay,Sounds like an extremely bold thing to do.  

I honestly dont know enough about preferred returns and equity shares either, which i now know even more i need to educate myself on; its amazing all the different things you can learn and really grow your knowledge in RE, I love it!

After all costs of selling the property, the profit was $23,000 and we turned this property extremely fast.

Be open and honest.

Water issues can cause extreme damage (mold, rot, material damage, wood buckling, ect). 

If they show extreme urgency, ask yourself (and them) why?