We enjoyed the process, kept our first as a rental and are at a place where we can begin investing and are interested in either a flip to sell or flip to own.It seems like everything in the marketplace is for cash sales and while we have about $30K at our disposal, it seems that this would cover the rehab budget in the deals we have been interested in.

I had one made up in my dad's name and wrote out a Word document that covered almost every scenario I could think of. 

I think we get heavy fines for doing it too, so I don’t think it makes too much sense to do it on purpose.

Insurance for one, without a commercial policy, I doubt you will be covered if something happens.

We enjoyed the process, kept our first as a rental and are at a place where we can begin investing and are interested in either a flip to sell or flip to own.It seems like everything in the marketplace is for cash sales and while we have about $30K at our disposal, it seems that this would cover the rehab budget in the deals we have been interested in.

We try to keep 100k available among our accounts to cover anything that comes up so we can weather the storms (but we also are nearing 50 properties).

REPLACE MISSING FLOOR COVERING”The floor is missing throughout the entire house, so how does this normally work when obtaining a loan, if someone can please break it down for me.

For example, I'll use one HM lender for deals that are rehab-heavy and a different one for ones that are more purchase price-heavy. 

But, we will get the best rates using a conventional loan.My partner does have enough money in his investment accounts to cover the down payment, but what I'm worried about is when he actually wires the funds at the closing table.

It's held on the last Thursday of every month, from 5 - 7pm at Heavy Riff Brewing in Dogtown.