Ex. for the flip (I'm assuming wholesaling).In order to wholesale two houses this year, I will need to learn more about the subject.

I assume Fannie Mae will follow that reasoning.

Here's the dead simple analysis:Investment $105,000Payment: $698 (7%, 30 years, $105K fixed loan)Gross Rent: $2600/monthExpenses: $1300/monthNOI: $1300/monthCash flow: $602/monthLooks like a pretty good deal, assuming all these numbers are accurate.

I assume it is in the realm of coops, condos or timeshares?

.- $25/month in accounting fees seems low, but let's assume it's correct.

Ok, so i have my contract assigned, and my end buyer has now stated that she was unaware that she had to pay all closing costs, which she was, however I assumed she knew.

We don't have a clear estimate on how much yet.So my first question is which seems to have more potential assuming the numbers work on both.Second, are there such things as rehab "grants"?

Assuming you did a move-in condition form...you should now be performing an interim inspection to determine if you want to renew the lease, and at what terms.

That kind of attitude assumes your personal opinion is what the market "should" think.

Brian,I assume from your post that the house is not a factor in your divorce, and that it is all yours at this point?