If you ever decide to sell and the craftsman style is what the people want, you have that stuff in storage to keep. 

It's an infill site, so the number of units is limited by parking and dimensional constraints, but it looks like we could get somewhere around 16 units in a townhouse layout or 24 units in a garden style layout.

Jobs are really only useful when you as a syndicator or a general partner or a sponsor or whatever are trying to convince a bank of your suitability to be that lead.

Thanks all and excited to start this style of investing,Brian PowerView report*This link comes directly from our calculators, based on information input by the member who posted.

I just recently completed my first live-in-flip and my family is getting ready to live a nomadic life style for a year or more.

Perhaps this is different than the steady 7-10 cap rate you're thinking about, since these would primarily be 'opportunistic' style investments, but the tax benefits are so great, I'd say they are worth at least a look. 

I'm getting an idea of what to be aware of while repairing, but I am unaware of the aesthetic side of things such as bathroom fixtures, flooring (style/color), counter tops, etc.

Houses almost identical to it, in terms of style, layout, # of beds & baths, are going for around $140k in the same neighborhood.

For the local fix-n-flip I think I'd like to finance using a bridge loan.I'd appreciate some advice on managing an OOS rehab.I would think financing an OOS rehab with a traditional mortgage would be difficult, especially if the property is in disrepair / not suitable for traditional mortgage, likely the "best" deal with the largest upside.

It is far easier to simply be patient, adapt a frugal life style, take a second job and save the money you need to start.